10/13/2026
Ontario HST rebate shields new home sales
As a Realtor® and Broker working across the GTA, I always keep a close eye on how the Ontario HST rebate shapes our new home market. This past period, we saw GTA single-family home sales reach 692 units—an impressive 47% above the 10-year average—while total new home sales came in at 907. Interestingly, the benchmark price dropped 14.6% year-over-year, a shift that’s hard to ignore for both buyers and investors. Condo sales, however, slipped dramatically—down 78% below average—largely due to the current limits on tax incentives. These numbers highlight just how much government policies and incentives can impact your buying and investment strategies in the region.