The Ontario HST rebate continues to offer a bit of a buffer for buyers of new homes—even as we see some dramatic numbers in the GTA market. Single-family new home sales reached 692 units, which is 47% higher than the 10-year average. At the same time, total new home sales came in at 907. However, there’s been a notable 14.6% drop in benchmark prices compared to last year, and condo sales have slowed sharply—down 78% below average, largely due to tax incentive caps. Every market shift brings its own set of challenges and opportunities. In my experience, navigating these changes with honesty and a clear understanding of what truly serves your best interests can make the process less stressful. If you’re weighing your options in Eastern Ontario, I’m here to provide straightforward guidance drawn from years of helping buyers and sellers make confident decisions.
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