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New Home Sales in Ontario Surge in Second Quarter, Industry Says
Single-family sales climbed 7,215 after the tax break took effect, while 1,195 new condo sales lagged, the report said.
- On Tuesday, the Building Industry and Land Development Association and Ontario Home Builders' Association reported that new home sales in Ontario jumped 130 per cent year-over-year in the second quarter.
- Introduced on April 1, the program removes the 13 per cent HST for eligible new homes valued up to $1 million, providing a maximum rebate of $130,000.
- Peter Norman, a commercial real estate expert, calculated that second-quarter sales preserved 17,300 construction and homebuilding jobs, with 7,215 single-family home sales in the first three months.
- Toronto broker David Fleming urged caution, saying, "We have to take it with a grain of salt because, of course, BILD is going to say that sales are happening."
- Sarah Chapin, spokesperson for Ontario Finance Minister Peter Bethlenfalvy, stated the government remains committed to affordability, though the rebate program expires on March 31, 2027.
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Ontario new home sales jump 130 percent after enhanced HST rebate, but condo market still lags
New home sales in Ontario jumped 130 percent in the second quarter, to 8,410 units from 3,645 a year earlier, in the first three months after the province’s enhanced HST rebate on new homes took effect on April 1, according to data from the Ontario Home Builders’ Association and the Building Industry and Land Development Association. The industry credits the tax break with reviving a stalled market—but analysts caution the recovery is lopsided, …
·Toronto, Canada
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The Toronto StarReposted by 
Financial Post
Financial PostNew home sales across Ontario see positive uptick in Q2 thanks to HST rebate program
Toronto, Aug. 11, 2026 (GLOBE NEWSWIRE) -- New home buyers across Ontario are responding positively to the enhanced HST rebate program as new home sales rose 130 per cent year-over-year in the second quarter of 2026, said the Building Industry…
·Toronto, Canada
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Total News Sources11
Leaning Left4Leaning Right3Center3Last UpdatedBias Distribution40% Left
Bias Distribution
- 40% of the sources lean Left
40% Left
L 40%
C 30%
R 30%
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