Blog

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.

Ontario’s new home market has seen a remarkable 130% increase in sales this past quarter, reaching 8,410 units. This surge is largely fueled by the enhanced HST rebate, especially benefiting buyers of low-rise homes—a sector I work with closely across York Region, Peel, Halton, Durham, and Toronto. While this momentum is encouraging for families seeking detached, semi-detached, and townhomes, the condo segment tells a different story. Condo sales rose just 12%, still trailing well below historical averages. High development charges, ongoing project delays, and restrictive zoning continue to weigh down overall activity, especially for those eyeing urban or investment properties. With over a decade advising clients on both new builds and pre-construction opportunities, I’ve seen how navigating these market dynamics requires thoughtful strategy and local expertise. Understanding both the incentives and the obstacles can make all the difference in finding the right fit in Ontario’s evolving housing landscape.

The GTA condo market continues to evolve, and Q2 2026 brought some notable changes worth highlighting. Condo sales climbed by 8.8%, signaling renewed buyer activity even as both new and active listings declined by 19.0% and 15.4% respectively. With the average price dropping 7.5% to $634,972, affordability has improved—an encouraging sign for those looking to enter the market or make a strategic move. This shift in buyer demand could help stabilize prices as we move into 2027. In my experience helping clients navigate Toronto and the surrounding regions, understanding these trends is key to making informed decisions, whether you're searching for a modern condo or planning your next investment.

Ontario’s new home construction is navigating a complex landscape—projected to decrease from 75,000 units in 2022 to just 25,000 by 2025, hitting a three-decade low. Yet, even in this challenging environment, consumer confidence remains evident: $40 million in support has been invested, and buyers can benefit from deposit protection up to $100,000. As someone who works daily with pre-construction opportunities across Toronto and the GTA, I know how vital it is for clients to understand both the risks and the safeguards in today’s market. My focus is always on helping clients make informed decisions—whether you’re looking at a family home or considering a strategic investment.

Exciting news for Markham’s real estate landscape: more than 3,200 new homes have received the green light from city council, spanning three major sites. This includes a community of over 2,000 homes—complete with a new school and 29 hectares of parkland—near Highway 48, 1,183 additional units in the Leslie Street and Highway 7 area, and 18 townhomes on Green Lane. As someone who’s spent years guiding clients through York Region’s evolving markets, I recognize the significance of well-planned growth and the value these developments bring to both buyers and investors. Markham continues to offer diverse opportunities, whether you’re seeking a family-friendly neighbourhood or considering a strategic move into pre-construction. My commitment has always been to provide clients with timely insights and trusted guidance as the GTA expands and transforms.