GTA new single-family home sales surge 246% in July as Ontario’s expanded HST rebate drives buyers back to market

What a remarkable shift in our local market—July saw new single-family home sales in the GTA surge by 246%! This momentum comes as Ontario’s expanded HST rebate and attractive builder incentives have made a real impact, even with prices down 8.5%. While new condo sales remain quieter due to tighter rebate rules, this is a moment of opportunity for families and first-time buyers considering detached homes. In my 20+ years as a full-time Realtor®, I’ve seen how automating savings, managing debt carefully, and looking into local programs can make all the difference for buyers navigating affordability. The landscape is changing—and with the right guidance, it’s possible to turn these changes into a smart move.