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New high-rise sales in the GTA hit record low for September, while low-rise new home sales outperform

Summary by Financial Post
Toronto, Oct. 22, 2026 (GLOBE NEWSWIRE) -- As low-rise new home sales in the Greater Toronto Area (GTA) surpassed its 10-year average for a sixth consecutive month, high-rise sales hit a record low with just 129 new units sold in September, the Building Industry and Land Development Association (BILD) said today. The low-rise sector has responded positively to the HST rebate program, but rules around construction start and completion dates have …

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The Toronto Star broke the news in Toronto, Canada on Thursday, October 22, 2026.
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