Toronto, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Low-rise new home sales in the Greater Toronto Area (GTA) continue to benefit from increased demand following the introduction of the HST rebate program, outperforming its 10-year average for a fourth consecutive month in July, the Building Industry and Land Development Association (BILD) said today. Conversely, the condominium sector has continued to struggle to fully participate in the HST rebate program as rules around construction start and completion dates limit this segment of the market.

There was a total of 1,018 new home sales in July, up significantly from the record July low of 2025 but 40 per cent below the 10-year average, according to Altus Group*, BILD’s official source for new home market intelligence. Historically, total new home sales for a typical July in the GTA would be 1,707 units based on the previous 10-year average.

“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. “Builders have been responding to the uptick in demand with a steady flow of new low-rise product that is keeping the sector in balance. This balanced state serves to avoid the upward pressure typically placed on pricing in a rising market.”

Condominium apartments, including units in low, medium, and high-rise buildings and stacked townhouses, accounted for 237 units sold in the GTA in July. This was a 40 per cent increase from July 2025 but 80 per cent below the 10-year average.

There were 781 single-family home sales in the GTA in July, a significant year-over-year increase and 50 per cent above the 10-year average. Single-family homes include detached, linked, and semi-detached houses and townhouses (excluding stacked townhouses).

Total new home remaining inventory in the GTA remained balanced with 18,546 units for July as builders responded to increased sales levels with a steady flow of product. This includes 12,345 condominium apartment units and 6,201 single-family dwellings. This represents a combined inventory level of 36.5 months, based on average sales for the last 12 months.

“It is encouraging to see the positive momentum continuing for single-family homes in the GTA for the fourth straight month,” said Dave Wilkes, President and CEO at BILD. “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. It is clear that measures like these not only make a genuine impact on new home buyers, but also help to improve the economic outlook of the region and protect jobs. We look forward to working with governments to continue to help make homeownership a reality and encourage the same results in the condominium sector as well.”

The benchmark price for new condominium apartments in July in the GTA was $1,054,938, up 2.5 per cent compared to last year. The benchmark price for new single-family homes was $1,362,433, which was down 8.5 per cent over the last 12 months. These are gross prices, not reflective of any HST rebate, in order to facilitate a like-on-like comparison with previous years. Purchasers who qualify for an HST rebate would realize additional benefit from this rebate.

In Simcoe County in July, there were 64 single-family new home sales and no condominium apartment sale, with the weighted average price of the single-family new homes in Simcoe County at $1,044,171.

With more than 1,000 member companies, BILD is the voice of the home building, residential and non-residential land development and professional renovation industries in the Greater Toronto Area. The building and renovation industry provides 256,000 jobs in the region and $39.3 billion in investment value. BILD is affiliated with the Ontario and Canadian Home Builders’ Associations.

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*Altus Group should be credited as BILD’s official source of new home market intelligence.