In Ontario, taxes and government charges made up ~36% of a new home's cost, putting >one-third of the price beyond core building expenses.
Development charges were a major pressure point, topping $100K per single-family home in many municipalities and, with other levies, adding as much as $200K.
A joint federal-provincial program let municipalities access funding if they cut residential development charges by 30%-50% or more and kept those reductions for three years.
After the HST cut, Ontario logged 8.4K new home sales in the first three mo, versus 3.6K in the same period yearly.
Making the HST rebate and lower development charges permanent could give buyers, builders, and municipalities the certainty needed to improve affordability and housing supply.
Author: Joeann Chabrol
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Ontario Tax Relief Spurs New Homes
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Toronto Housing Moves Toward Balance
Toronto’s housing market is showing signs of moving toward a more balanced environment. July’s median sale price reached $928,200, following notable monthly fluctuations, while current conditions give buyers more room to compare options and sellers a stronger reason to price strategically. In this market, preparation matters: sellers should prioritize accurate valuation, presentation, and timing, while buyers can negotiate thoughtfully and protect their interests with appropriate conditions. Whether you are moving within Toronto or considering Mississauga, a personalized market review can help turn changing conditions into a clear action plan.
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Mississauga Market Trends: What Buyers and Sellers Need to Know
Mississauga’s real estate market continues to shift, making local insight essential for both buyers and sellers. July’s median residential sale price was approximately $880,200, following a higher level in May and highlighting the importance of tracking monthly movement rather than relying on headlines. Buyers should evaluate homes through the lens of condition, location, and comparable sales, while sellers need precise pricing and compelling presentation to attract serious interest. Whether you are planning to buy, sell, or simply monitor the market, a personalized strategy can help you move forward with confidence.
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