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

July brought a remarkable 246% increase in new single-family home sales across the GTA—a clear sign that Ontario’s expanded HST rebate, along with builder incentives, is drawing buyers back into the market even as prices have dipped by 8.5%. While new condo sales are still feeling the impact of stricter rebates, there’s renewed momentum for detached and single-family options. Having helped hundreds of clients navigate these shifting conditions throughout Toronto and beyond, I’ve seen firsthand how important it is to automate savings, keep debt well-managed, and tap into local affordability programs. These steps can make all the difference for buyers aiming to make smart, confident moves in today’s evolving landscape.