Ontario HST rebate shields new home sales

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Navigating the GTA’s ever-changing real estate market requires experience and close attention to detail—qualities I’ve honed over three decades of helping buyers and sellers succeed. This month, single-family homes have shown remarkable resilience, with 692 units sold—47% above the 10-year average. Total new home sales reached 907, even as the benchmark price saw a 14.6% year-over-year drop. Meanwhile, condo sales lagged, falling 78% below average, largely due to the current limits on tax incentives. The Ontario HST rebate continues to play a key role in supporting new home purchases, especially for families looking to make a move. Staying informed about these shifts is crucial, and I’m always here to help clients make sense of the numbers and find the right path forward.

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