July brought a significant shift in the GTA real estate landscape: new single-family home sales surged, tripling to 781 units. The HST rebate appears to be a strong motivator for buyers, helping more families step into homeownership. Meanwhile, single-family prices adjusted downward by 8.5% to $1.36M, offering opportunities for those who have been watching the market closely. Condo sales saw a modest uptick, but still trail single-family activity, with prices inching up 2.5% to $1.05M. Inventory remains solid at 18,546 units, providing a range of choices for buyers. My decade of experience guiding clients through these trends in the GTA means I’m always tracking not just the numbers, but what they mean for you—whether you're considering selling and want to maximize value, or you're a buyer looking for the right opportunity. Navigating this dynamic market is all about timing and strategy.
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