BNN Bloomberg
🏢 Bell Media
Jun 22, 2026
· 2 min read
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HST rebate helped boost new home sales in GTA last month but condo sector continues to struggle: report - BNN Bloomberg
Original article ↗B.I.A.S. ANALYSIS
CENTER
LEFTCENTERRIGHT
Signal breakdown
Heuristic (v1/v3)
0.30 · CENTER
ML v2 (DistilBERT)
0.000 · CENTER
Ensemble
0.150 · CENTER
🏦 Source Intelligence
Rolling outlet bias
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avg -0.031
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Article Excerpt
New home sales continued to see an increase in the GTA last month following the introduction of a temporary break on HST but the gains appear to have leveled off as some homebuyers waited for clarity on how the program will actually be administered, a new report suggests.
The latest report from the Building Industry and Land Development Association shows that there were a total 1,023 new home sales in May.
That is more than triple the record low of 310 new homes that were sold last May.
Low-rise homes accounted for 830 of the new builds that changed hand last month while the condominium mar…
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