Author: Bernice McNutt, REALTOR®

It’s been quite a season for Ontario’s new home market. In the second quarter, sales of new homes jumped 130%—a rare surge, and one that’s caught the attention of buyers and builders alike. The main driver? A federal HST rebate that’s dropped prices by as much as $130,000, making homeownership a more real possibility for many families. This isn’t just about numbers; it’s also meant nearly 17,000 construction jobs were saved, mostly tied to single-family and detached homes—the kinds of places where many of you hope to plant roots and build memories. Important to note: this rebate is set to expire in March 2027. If you’re thinking about your next move or planning for the future, it’s worth keeping on your radar. My approach has always been about honest advice and making the process feel a little less overwhelming—because the right home is never just about bricks and mortar, but about what matters most to you and your family.

Homes in Alderwood, Etobicoke, sold fastest in the GTA in July, averaging 10 days on the market, while Chaplin Estates in Old Toronto had the slowest sales at 77 days. Established, family-friendly neighborhoods with good transit and schools saw quicker sales, especially single-family homes. Other fast-selling areas included Palmer, Uptown Ajax, and Dovercourt Park. Buyer interest in the GTA declined slightly, with many first-time buyers.

There’s been a noticeable shift in the GTA’s new home market this past quarter. Thanks to the enhanced HST rebate—now up to $130,000—sales of new single-family homes in Ontario jumped 130% in Q2 2026, reaching 8,410 units. That’s more than just a number; it’s real families starting new chapters and communities growing. These sales also supported 17,300 construction jobs and helped keep $2.8B in GDP and $1.4B in government revenue steady—a reminder of how deeply homebuilding connects to the wider economy.

Interestingly, while single-family homes saw this upswing, the condo market hasn’t picked up at the same pace. From my years guiding clients through ups and downs, I know every market tells its own story—and every buyer’s needs are unique. Whether you’re considering a move, or just curious about what these changes could mean for your plans, I’m always here to listen, share what I know, and help you feel confident about your next steps.