HST rebate continues to boost sales of new single-family homes in GTA but condo segment remains sluggish: report

Impressive momentum in the GTA’s new single-family home market continues, fuelled by the enhanced HST rebate—now up to $130,000. According to the latest report, new home sales in Ontario soared by 130% in Q2 2026, reaching 8,410 units. This surge has not only encouraged buyers but has also supported 17,300 construction jobs, safeguarded $2.8 billion in GDP, and maintained $1.4 billion in government revenue. While the condo segment remains quieter, it’s clear that targeted incentives can make a real impact. With my extensive experience helping clients navigate Toronto’s dynamic real estate landscape—from single-family homes to investment opportunities across the GTA and beyond—I’m always keeping an eye on key trends that shape our market.