In May, 92% of GTA resale homes sold below asking price, with only 7% above, indicating weak competition. Ontario's HST rebate on new homes, offering up to $130,000 off, has boosted new single-family home sales above the 10-year average, while resale sales remain soft. Buyers may benefit from acting before the rebate expires in March 2027, but decisions should align with long-term housing goals.
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