The GTA housing market is showing signs of a complex tug-of-war as summer data reveals diverging trends. While resale inventory is tightening—potentially eroding buyer negotiating power—new home sales have seen a remarkable 130% year-over-year jump in Ontario, largely buoyed by federal and provincial HST rebates. Despite this, the resale market remains cautious, with TRREB reporting a 0.9% dip in sales and a 17.8% decline in new listings for July. Meanwhile, the rental sector receives a significant boost with a $2.7-billion federal investment aimed at delivering 5,600 new units in Toronto. As these policy shifts and market pressures collide, industry leaders are gathering to navigate the road ahead. For a deeper dive into the specific data, expert analysis on the land market, and how these changes might impact your next real estate move, visit the original article at UrbanToronto.
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