July marked another strong month for low-rise new home sales in the Greater Toronto Area, with the HST rebate program continuing to fuel activity. For the fourth consecutive month, sales have surpassed their 10-year average—a clear reflection of sustained buyer demand. In July alone, there were 1,018 new home sales, with single-family homes standing out at 50% above the average, and condo sales jumping 40% year-over-year. As someone who has spent over a decade helping clients navigate the GTA market—from York Region to Toronto—I see firsthand how incentives like the HST rebate can make a real difference for both families and investors. Whether you're considering a new build or looking for strategic opportunities in pre-construction, understanding these trends is essential for planning your next move.
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