New home sales in the GTA experienced a modest increase in February 2026, according to BILD, although activity remains significantly below historical averages. Sales reached 531 units, a 16% rise from February 2025, but still 76% lower than the 10-year average. Condo sales dipped slightly, while single-family home sales saw a boost.
Despite the sluggish market, BILD anticipates a recovery fueled by a temporary HST cut on new homes. This, combined with moderated prices and high inventory, presents a unique opportunity for buyers. The benchmark price for new condos remained steady at $1,022,063, while single-family homes saw a price decrease of 7.4% year-over-year, landing at $1,423,219. Simcoe County recorded a small number of sales with an average single-family home price of $1,153,653.
For a deeper dive into the GTA’s new home market and expert analysis, check out the full article on Storeys.com.
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