New high-rise sales in the GTA hit record low for September, while low-rise new home sales outperform
Financial Post ·
Toronto, Oct. 22, 2026 (GLOBE NEWSWIRE) -- As low-rise new home sales in the Greater Toronto Area (GTA) surpassed its 10-year average for a sixth consecutive month, high-rise sales hit a record low with just 129 new units sold in September, the Building Industry and Land Development Association (BILD) said today. The low-rise sector has responded positively to the HST rebate program, but rules around construction start and completion dates have hindered the high-rise sector from fully participating and reaping the same benefits of the program. Read More