08/29/2026
HST rebate continues to boost sales of new single-family homes in GTA but condo segment remains sluggish: report
As someone deeply engaged in the Vaughan real estate market, I’m closely watching how policy changes are shaping buyer choices. The recent report shows that new home sales across Ontario surged by 130% in Q2 2026, reaching 8,410 units. This impressive growth is largely thanks to the enhanced HST rebate—now up to $130,000—which has been a real game-changer for single-family homes in the GTA. Not only does this incentive support homebuyers, but it’s also had a significant impact on our local economy: supporting 17,300 construction jobs, preserving $2.8B in GDP, and maintaining $1.4B in government revenue. Meanwhile, the condo segment remains slower to recover. As a Realtor and Broker focused on Vaughan, I’m always analyzing how these trends affect our market and the opportunities they create for both buyers and sellers.
https://www.roomvu.com/agent-news/reza-peyvandi/1899668-HST-rebate-continues-to-boost-sales-of-new-single-family-hom