A lot of interesting news in April! 5,039 homes sold in March, up slightly over last year while the number of homes listed dropped by a significant 16.7%. With sales starting to increase as we head into the spring market and only 21,596 homes listed, buyers will have less choice moving forward.

The big news is that as of April 1, 2026, Ontario officially eliminated the full 13% HST on eligible new home purchases for one year, running until March 31, 2027. Premier Doug Ford announced the measure on March 25, framing it as a "13% off" moment for the province's stalled construction sector. Buyers of new homes under $1 million can save up to $130,000, with partial relief extending to homes valued up to $1.85 million.

This is a very positive move by the government, sorely needed to help restore consumer confidence given the turbulent times we are in.

Moving forward, I believe the market will continue to improve and I am hopeful and anticipate that activity and sales will continue to slowly increase which will help the market pick up some momentum. Coming out of a rough winter like we just had, the welcome warmer weather is sure to get people out house hunting again.

Meanwhile, there are some great opportunities in the real estate market I would love to share with you. If you have any thoughts of buying or selling, give me a call; I would love to chat.

Have a great April!

Jordan Glaser

416-560-4468