Low-rise new home sales in GTA beat 10-year average for second consecutive month thanks to HST rebate (opens original article in a new tab)

Low-rise new home sales in the Greater Toronto Area surpassed the 10-year average for the second consecutive month in May 2026, driven by the HST rebate program, while condominium sales lagged due to pricing and eligibility challenges.

• Low-rise new home sales in GTA exceeded 10-year average for second month in May 2026
• HST rebate program influenced sales with single-family homes outperforming
• Condominium sales remained below average due to pricing and program eligibility issues