Ontario new home sales jump 130 percent after enhanced HST rebate, but condo market still lags

Seeing Ontario’s new home sales surge by 130% in Q2—reaching 8,410 units—is a significant shift, especially for those of you navigating the options for your next move. The enhanced HST rebate has clearly made an impact, particularly in boosting low-rise housing. While condo sales did rise by 12%, they’re still well below the norms we’ve seen in past years, with factors like fees, delays, and zoning restrictions continuing to weigh on the market overall. For clients—whether you’re a first-time buyer, a young family, or considering a change—these shifts are crucial to understand. My focus is always on helping you achieve your real estate goals with careful guidance and attention to detail, so you can move forward with confidence.