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Low-rise new home sales in the GTA continue to reap the benefits of the HST rebate program in JulyIt’s been another stro...
09/19/2026

Low-rise new home sales in the GTA continue to reap the benefits of the HST rebate program in July
It’s been another strong month for low-rise new home sales across the Greater Toronto Area, with July numbers continuing a trend that’s now lasted four months above the 10-year average. This momentum appears closely tied to the ongoing demand created by the HST rebate program—a factor I always keep an eye on for my clients. In July alone, we saw 1,018 sales, with single-family homes performing especially well at 50% above average. Even condo sales saw a 40% year-over-year increase. As someone deeply involved in the GTA market, I find it fascinating to watch how these incentives shape both buying decisions and overall market activity.


https://www.roomvu.com/agent-news/namita-singh/1953546-Low-rise-new-home-sales-in-the-GTA-continue-to-reap-the-bene

Central Lakes Markets Remain Resilient Amid August Sales ShiftAugust brought a noticeable slowdown in home sales across ...
09/18/2026

Central Lakes Markets Remain Resilient Amid August Sales Shift
August brought a noticeable slowdown in home sales across all six Central Lakes regions, with a total of 1,150 homes changing hands. Durham, where I often help clients navigate the market, led in the number of sales—though prices there were on the lower side. Meanwhile, Hastings and Peterborough experienced price increases, and Northumberland maintained steady sales with higher prices. Kawartha Lakes and Prince Edward County both saw fewer transactions. Every area is moving at its own pace right now, and understanding these shifts is key to making informed real estate decisions.


https://www.roomvu.com/agent-news/namita-singh/1967730-Central-Lakes-Markets-Remain-Resilient-Amid-August-Sales-Shi

09/17/2026

Canada: Rate Cuts Can Worsen Affordability
There’s a common belief that lower interest rates should make homes more affordable, but recent research from Canada’s central bank suggests the reality is more complex. When rates are cut, we tend to see a quick jump in housing demand—resales often increase soon after, and the full effect is felt within 18 to 24 months. However, new housing starts generally don’t pick up until about two years later. Strong labour markets can make this effect even stronger, as people feel more confident making big moves and lenders become more flexible. Builders are often slower to respond, as higher prices and easier financing make new projects more attractive, but planning and approvals—especially for multi-unit developments—take time. For buyers and sellers in our market, this means that while rate cuts can eventually help increase supply, they don’t resolve affordability challenges right away. As someone who works closely with families across Pickering, Oshawa, and the GTA, I see firsthand how these dynamics shape your options. It’s a reminder that affordability depends on more than just interest rates—it’s about timing, supply, and understanding the bigger picture.

09/16/2026

Toronto Affordability Improves as Condo Prices Fall
We're seeing a shift in Toronto's real estate landscape as affordability shows some improvement, particularly in the condo market. Recent price declines have brought condo values close to what we last saw in late 2019, helping to reverse much of the strain that built up during the pandemic. However, for those eyeing single-detached homes, it's important to recognize that ownership costs are still taking up more than 80% of a typical household’s pre-tax income—keeping Toronto among Canada’s most challenging markets for buyers. The current outlook suggests we may have reached a turning point where affordability is no longer getting worse, but further relief will likely depend on rising incomes rather than further drops in prices or borrowing costs. If home prices and interest rates remain steady, future gains in affordability could be modest—making careful budgeting and thoughtful property selection more important than ever. As someone who works with buyers and sellers across the GTA, I’m always focused on helping clients navigate these shifts and identify the right fit for their needs.

09/15/2026

'The program is working': Ontario home sales surge 130% after HST rebate
Ontario’s new home market is buzzing after a 13% tax cut on new builds—sales soared by 130% in Q2 2026, with numbers rising from 3,645 to 8,410. The surge is especially notable among single-family homes, a segment many in Pickering and the GTA have been watching closely. The current rebate offers up to $130,000 for homes under $1.5 million, but is set to end in March 2027. For families and buyers weighing their next move, these numbers highlight how policy changes can shape opportunity in our local market.

What if your next home felt like an escape—every single day? Welcome to 215 Port Darlington Road, Bowmanville, where spa...
09/14/2026

What if your next home felt like an escape—every single day?
Welcome to 215 Port Darlington Road, Bowmanville, where spacious luxury meets Lake Ontario's beauty. Offering over 4,000 sq. ft., this exceptional home features:
• 4 bedrooms and 3.5 bathrooms
• Private four-stop elevator
• Rooftop terrace with impressive views
• Gourmet kitchen and expansive living areas
• Tandem three-car garage
• Steps from waterfront trails, parks and the marina
Designed for buyers who want more space, comfort, and a distinctive waterfront lifestyle.
📍 215 Port Darlington Road, Bowmanville
📞 Namita Singh, Broker | 647-706-7978
🌐 homesbynamita.ca
Private showings available for qualified buyers.

09/14/2026

Ontario Tax Relief Spurs New Homes
Ontario’s approach to tax relief is making a real impact on the housing market. Taxes and government fees have traditionally accounted for about 36% of the cost of a new home—meaning that over a third of what buyers pay goes well beyond the actual construction. Development charges alone often exceeded $100,000 for a single-family home in many cities, and when combined with other levies, could add up to $200,000. A recent joint federal-provincial initiative gave municipalities access to funding if they cut residential development charges by 30% to 50% or more and maintained those reductions for three years. The results have been striking: after the HST cut, Ontario recorded 8,400 new home sales in the first three months, compared to just 3,600 in the same stretch in previous years. If the HST rebate and reduced development charges became permanent, it would provide much-needed certainty for buyers, builders, and municipalities. This kind of stability could be the key to improving both affordability and housing supply in the communities I serve.

Ontario new home sales jump 130 percent after enhanced HST rebate, but condo market still lagsOntario’s new home market ...
09/13/2026

Ontario new home sales jump 130 percent after enhanced HST rebate, but condo market still lags
Ontario’s new home market saw a remarkable 130% increase in sales in Q2, with 8,410 units sold—thanks in large part to the enhanced HST rebate, which is giving the low-rise segment a real boost. While condo sales also saw a modest 12% rise, they’re still well below the usual pace. Even with these gains, persistent challenges like high fees, project delays, and zoning hurdles are holding back overall momentum. As someone focused on helping clients navigate the GTA and Durham Region, I keep a close eye on these trends to help buyers and sellers understand what’s shaping our local market.
https://www.roomvu.com/agent-news/namita-singh/1906755-Ontario-new-home-sales-jump-130-percent-after-enhanced-HST-r

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