GTA new home sales experienced a modest 16% year-over-year increase in February, according to BILD, although they remain significantly below the historical average. A potential catalyst for future growth is the expanded HST rebate on new homes, coupled with a greater inventory selection and somewhat lower prices. While condo sales dipped slightly, single-family home sales showed more promise. Despite these positive signs, affordability concerns and geopolitical tensions continue to weigh on buyers’ minds. Experts suggest that current market conditions, including moderated prices and high inventory, present a unique opportunity for prospective homebuyers. For a deeper dive into the latest GTA new home market trends, read the full article on The Star: [https://www.thestar.com/business/gta-new-homes-sales-increase-slightly-in-february-but-momentum-could-build-with-expanded-hst-rebate/article_4fa2eaef-d542-4754-9d81-687a712c1a5e.html]
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