Is the tide finally turning for GTA homebuyers? New data from the Building Industry and Land Development Association (BILD) reveals a compelling trend: while the broader market faces challenges, low-rise new home sales have now outperformed their historic average for three consecutive months. The primary driver? A surge in single-family home activity, which climbed 36% above the 10-year average in June. This momentum is largely attributed to the newly enacted HST rebate program, which industry experts say is finally bringing sidelined buyers back into the fold. Meanwhile, the condo sector remains stagnant, struggling with rigid inventory pricing. With benchmark single-family prices down 15.5% year-over-year and clear policy paths now in place, BILD’s leadership is calling this a ‘once-in-a-lifetime’ window for prospective owners. For a deeper dive into the numbers and what this means for your next move, read the full report at Storeys.com.
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