HST rebate continues to boost sales of new single-family homes in GTA but condo segment remains sluggish: report

We’re seeing the impact of policy changes firsthand in the GTA market. In Q2 2026, new home sales in Ontario jumped 130% to 8,410 units—thanks largely to the enhanced HST rebate, which now goes up to $130,000. This uptick has done more than just boost sales: it’s supported 17,300 construction jobs, preserved $2.8B in GDP, and maintained $1.4B in government revenue. While single-family homes are clearly benefiting, the condo segment is still on the slower side. As someone who’s spent nearly two decades helping clients navigate both residential and luxury markets in Mississauga, Oakville, and the wider GTA, I’m always keeping an eye on how these trends shape opportunities for buyers and sellers alike.