New single-family home sales in the GTHA more than tripled in July when compared to one year prior as the sector continued to “reap the benefits” of the HST rebate program, a new report states. According to the latest numbers from the Building Industry and Land Development Association (BILD), there were 1,018 new homes sold across the GTA last month, up “significantly” from the record-low of 395 July sales recorded in 2025. However, the recovery was much more pronounced in the single-family home sector than it was in the condo market. The data showed that single-family home sales in July rose from 226 one year ago to 781 last month. New condo sales, meanwhile, only inched up marginally, going from 169 to 237. Single-family home sales in the GTA were above the 10-year average in the GTA but the overall numbers remained 40 per cent below the 10-year average of 1,707 units amid the slower condo market. “It is encouraging to see the positive momentum continuing for single-family homes in the GTA for the fourth straight month,” said BILD President and CEO Dave Wilkes said in a press release. “I have had the opportunity to speak to a few of the homebuyers who have purchased new homes in the GTA as a result of the HST rebate program. They are thrilled at what this program has been able to do for them in terms of affordability and new homeownership. A closer look at single-family homes According to the report, single-family homes are categorized as detached, linked and semi-detached homes and townhouses, excluding stacked townhouses. For the month of July, officials say there were 781 single-family homes sold, putting sales 50 per cent above the 10-year average. It’s a sector BILD says continues to outperform its 10-year average due to the enhanced HST relief program from the provincial government. “July new home sales across the GTA continued to reap the benefits of the HST rebate program led once again by the single-family sector,” said Edward Jegg, research manager at Altus Group. Condos continue to struggle On the flip side of the market, the report notes that the condominium market continues to lag. There were 237 new condominium apartments sold in July, including units in low-, medium- and high-rise buildings, and stacked townhouses. Officials say that was up 40 per cent from July 2025, but still 80 per cent below the previous 10-year average. BILD notes that the condo sector has been slower to benefit from the HST rebate because rules surrounding construction start and completion dates that limit the number of eligible projects. The benchmark price for a new condominium apartment was $1,054,938 in July, up 2.5 per cent from a year earlier. On the other side, the benchmark price for a new single-family home was $1,362,433, down 8.5 per cent year over year. It should be noted that those prices do not account for the HST rebate, allowing for a direct comparison with previous years. Meanwhile, builders had 18,546 new homes remaining in inventory across the GTA in July. The report says that number included 12,345 condominium apartments and 6,201 single-family homes, representing a combined 36.5 months of inventory based on the average sales pace over the previous 12 months.
