Ontario HST rebate shields new home sales

Supporting your homeownership journey means staying on top of what’s shaping the market. In the GTA, single-family home sales have reached 692 units—an impressive 47% above the 10-year average. Meanwhile, the total number of new home sales sits at 907. Notably, the benchmark price has dipped 14.6% compared to last year. While the Ontario HST rebate continues to offer protection for new home purchases, condo sales are feeling the impact of tax incentive limits, falling 78% below average. As a Homelife Higher Standards Sales Representative, I’m here to help you navigate these numbers and what they mean for your next step.