It’s been interesting to watch low-rise new homes in the GTA gain momentum, thanks in large part to the impact of the HST rebate program. Recently, there's been a noticeable increase in buyer activity for these properties—a shift that’s very much in line with what I’ve been seeing in the Mississauga and Oakville markets. Builders have responded by steadily introducing more low-rise options, which has helped maintain stability and kept prices from climbing too quickly. Meanwhile, the condo market hasn’t been able to keep pace, as construction timing requirements have made it tougher for that segment to benefit in the same way. While gross prices didn’t reflect any rebates directly, eligible buyers could take advantage of added savings, making homeownership in the GTA a bit more accessible. As someone who’s worked in both residential and luxury segments for nearly two decades, I can appreciate how programs like this not only support buyers but also contribute to the region’s economic strength. There’s hope that similar support will eventually extend to the condo sector to help balance the broader market.
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