GTA new single-family home sales surge 246% in July as Ontario’s expanded HST rebate drives buyers back to market

Builder incentives and government tax relief have boosted single-family home sales in the GTA, despite an 8.5% year-over-year price drop. Expanded tax rebates and builder price cuts offer savings unmatched by resale homes, which aren't subject to HST. However, new condo sales remain low due to stricter rebate eligibility. Buyers are advised to automate savings, use tax-advantaged accounts, manage debt, budget for extra costs, and explore various local programs for better affordability.