Low-rise new home sales in the GTA continue to reap the benefits of the HST rebate program in July

July brought another notable milestone for the Greater Toronto Area’s low-rise new home market. For the fourth consecutive month, sales have surpassed the 10-year average—showcasing just how much the HST rebate program continues to influence buyer decisions. In July alone, 1,018 low-rise new homes were sold. Single-family home sales stood out by soaring 50% above the long-term average, while condo sales marked a 40% increase year-over-year. In my experience guiding clients through the Toronto market, I’ve seen how government incentives like the HST rebate can spark significant momentum and shape buying trends. These numbers reflect both the evolving landscape and the opportunities available to buyers who stay informed and strategic.