The latest figures reveal a sharp surge in single-family new home sales across the GTA this July—up threefold to 781 units—highlighting the continued impact of the HST rebate. Interestingly, while single-family prices have adjusted downward by 8.5% to $1.36M, condo sales have edged up, though they remain modest, with prices ticking up 2.5% to $1.05M. Inventory now stands at 18,546 units. As someone deeply immersed in Toronto’s residential and commercial markets, I always keep a close eye on these shifts to guide clients with up-to-date, strategic advice tailored to their goals.
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