Ontario HST rebate shields new home sales

The recent numbers from the GTA highlight how government policy can shape the market: single-family new home sales reached 692 units, soaring 47% above the 10-year average, while overall new home sales totaled 907. Interestingly, the benchmark price saw a 14.6% drop from last year. Meanwhile, condo sales lagged—down 78% below average—largely due to tax incentive limits. It’s a reminder of how measures like the Ontario HST rebate can make a real difference for buyers and sellers alike. While every region has its own rhythm, I’ve learned over the years in Prince Edward County that understanding these trends—and the unique advantages available—can be the key to finding the right opportunity.