HST rebate continues to boost sales of new single-family homes in GTA but condo segment remains sluggish: report

The enhanced HST rebate—now reaching up to $130,000—continues to shape our new home market in the GTA. In Q2 2026, we saw new home sales in Ontario soar by 130% to 8,410 units. While single-family homes have clearly benefited from this incentive, the condo market remains more reserved in its response. This surge in activity has also meant 17,300 construction jobs supported, $2.8B in GDP preserved, and $1.4B in government revenue maintained. As someone who closely follows these shifts across both residential and commercial real estate, I see first-hand how strategic policy changes can impact not only buyers and sellers, but also our broader community and economy.