New Home Sales in Toronto Spurred by New HST Rebate, but One Property Type ‘Continues to Struggle’

Ontario developers ‘frustrated’ at slow rollout of HST rebate for new builds

In late-March, the Ford government said it would spend $1.4 billion to expand the homebuyers tax credit, allowing anyone to buy a pre-construction house or condo tax-free.

New home sales in Toronto spurred by new HST rebate, but one property type ‘continues to struggle’

New home sales in Toronto spurred by new HST rebate, but one property type ‘continues to struggle’

HST rebate fails to thaw Toronto's frozen condo market

Ontario’s temporary HST rebate has defrosted parts of the new housing market but Toronto condos are still on ice. Find out more

Ontario HST rebate spurs new-construction house sales but condos continue to languish

Condo market remains weak as many units are too small for end users and no longer profitable for investors

Home sales data for 1st month of the HST rebate window is now out. Here’s what the numbers say

A total of 1,100 new homes were sold in the GTA in April, according to data compiled by Altus Group for the Building and Industry and Land Development Association (BILD). That’s nearly triple what it was this time last year, when 384 new homes were sold.