Having seen countless cycles in the GTA housing market over the years, I find it fascinating how policy changes can quickly shift buyer sentiment. The recent HST rebate program is a great example—it’s given low-rise new homes a noticeable boost in demand. Builders have responded wisely, keeping a balanced pipeline of new low-rise product, which has helped prevent runaway price increases and kept the market on steadier ground. Meanwhile, the condo sector has struggled to catch the same wave, hampered by construction timing regulations that limit their flexibility.
One important note: while gross prices haven’t changed due to the rebate, qualifying buyers have found meaningful savings, which improves affordability and helps more people achieve homeownership in the GTA. Having worked with buyers and builders from every walk of life—across both residential and commercial real estate—I know firsthand how measures like this can support not just new homeowners, but also the broader economic outlook and job stability. Industry leaders are right to call for more tailored support for condos, so every segment can thrive. If you’re weighing your options in this evolving landscape, perspective and experience matter.
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