We've seen a noticeable lift in demand for low-rise new homes across the GTA, thanks in large part to the HST rebate program. This renewed interest is encouraging for buyers looking for more traditional housing options, and builders have responded by steadily releasing new low-rise properties, which is helping keep the market balanced and easing some pressure on prices. On the other hand, condos haven't experienced the same benefits—mainly due to the more restrictive rules around construction timelines. While the gross prices for these new homes didn't reflect any rebate, eligible buyers found some welcome savings, making homeownership a bit more accessible in our region. Initiatives like this not only support buyers but also contribute to the GTA’s economic stability and help preserve local jobs. As someone who values a smooth and informed real estate journey, I see firsthand how thoughtful policies can make a real difference for both buyers and our community.
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