The HST rebate program is doing something in the low-rise market. In the high-rise sector, the jury’s still out.New data released today by the Structure Industry and Land Advancement Association (BILD) shows April 2026 was a turning point for single-family home sales in the Greater Toronto Location– the very first month in three years that the low-rise sector exceeded its 10-year average. The turning point comes less than a month after Ontario’s improved HST refund program worked on April 1.
According to Altus Group, BILD’s main source for brand-new home market intelligence, there were 901 single-family home sales in the GTA in April– a substantial year-over-year increase and 21% above the 10-year average for the section. Single-family homes include separated, connected, and semi-detached homes and townhouses (excluding stacked townhouses).
The condo market is a various story. Apartment apartment or condos– consisting of systems in low, medium, and high-rise buildings and stacked townhouses– accounted for simply 199 sales in April, sitting 88% below the 10-year average. Total new home sales across all product types was available in at 1,100 systems for the month, which, while a noteworthy jump from the record low recorded in April 2025, remains 55% below the historical average of 2,418 units for a common April in the GTA.
“April new home sales across the GTA reacted to the brand-new HST refund program as sales showed an obvious boost, the majority of noticeably in the single-family sector,” stated Edward Jegg, Research Study Supervisor at Altus Group. “Prices continued to be competitive, with nearly like-for-like prices before and after the intro of the refund– recommending the complete refund was streaming through to consumers.”
Jegg added that provided the accumulation of suppressed demand over the past numerous years, the positive momentum of April is expected to continue– especially as soon as prospective buyers have complete transparency on how the HST rebate will be implemented.That execution gap is the sticking point right now, specifically for apartments. “The refund program entered impact on April 1 and seeing the instant boost in low-rise sales is a testament to buyer hunger for brand-new homes and greater affordability in the market,”said Justin Sherwood, Chief Operating Officer at BILD.”The more modest action in the high-rise sector will be minimized as soon as application information associated with the HST rebate are finalized.” Sherwood gotten in touch with the federal government to move rapidly on offering clearness around program details, eligibility requirements, appropriate kinds, and rebate systems so that home builders and purchasers can execute the rebate with confidence.On the inventory side, overall brand-new home remaining stock in the GTA dipped listed below the 20,000-unit mark for simply
the 2nd time in 22 months, landing at 19,044 units in April. That breaks down to 13,331 condominium home units and 5,713 single-family dwellings– representing a combined 31 months of inventory based upon average sales over the last 12 months. Worth noting: that figure is pumped up by the prolonged period of historically low sales activity. As month-to-month sales volumes recover, the months of inventory number is anticipated to drop quickly.On rates, the April criteria for new condo homes held at$ 1,029,164– what Altus Group refers to as
an evident price flooring. The standard for new single-family homes was available in at $1,421,835, down 7.1 %over the previous 12 months. Both figures reflect gross prices and don’t account for any HST rebate savings a certifying purchaser would receive.In Simcoe County, April saw 62 single-family new home sales and one condominium house sale, with a weighted typical cost of$1,162,217 for single-family homes in the area.