Industry Updates: Single-Family Sales Rise, Resale Supply Tightens, Cultural Programming Expands

Single-family home sales in the Greater Toronto Area surged, supported by an expanded HST rebate, while condominium sales remain weak. Resale supply tightened with fewer new listings, potentially driving price growth. Canadian housing starts slightly declined, with Ontario contributing to the drop. Toronto launched an AI pre-check pilot to streamline building permits. New cultural venues and events, including art installations and film festivals, are expanding public programming.