GTA Low-Rise Demand Gets Boost

Following the HST rebate program, demand increased for low-rise new homes in the GTA, signaling stronger buyer interest in that segment recently.
Builders responded to the demand uptick with a steady flow of new low-rise product, keeping the sector balanced and helping limit upward pricing pressure.
The condominium sector continued to struggle to fully participate, as rules around construction start and completion dates limited how much this segment benefited.
Gross pricing was not adjusted for any rebate, but qualifying purchasers could realize additional savings, improving affordability and supporting new homeownership in the GTA.
Industry leaders said measures like this can strengthen the region's economic outlook, protect jobs, and they want governments to help the condo sector participate.