GTA new home sales remained extremely low in April – Federal GST measures inadequate
There were 310 new home sales in April which was down 72 per cent from April 2024 and 89 per cent below the 10-year average, according to Altus Group*, BILD's official source for new home market intelligence. Historically, new home sales for a typical April in the GTA would be 2,750 units based on the previous 10-year average.
'April 2025 new home sales across the GTA have extended the slowest period of sales on record,' said Edward Jegg, Research Manager at Altus Group. 'Buyers crave predictability and the swirling uncertainty around the impact of possible tariffs is depriving would-be purchasers of the confidence they need to move ahead.'
Condominium apartments, including units in low, medium and high-rise buildings, accounted for 105 units sold in the GTA in April, down 80 per cent from April 2024 and 94 per cent below the 10-year average.
There were 205 single-family home sales in the GTA in April, down 66 per cent from April 2024 and 77 per cent below the 10-year average. Single-family homes include detached, linked and semi-detached houses and townhouses (excluding stacked townhouses).
New for 2025, BILD and Altus Group are now reporting on sales in Simcoe County. In April, there were 27 single-family new home sales in Simcoe County with the weighted average price at $1,120,438.
Total new home remaining inventory in the GTA decreased slightly compared to the previous month, to 21,363 units. This includes 16,555 condominium apartment units and 4,808 single-family dwellings. This represents a combined inventory level of 15 months, based on average sales for the last 12 months.
'Yesterday the Federal Government tabled its proposed measures to provide GST(HST) relief to first-time new home buyers. Unfortunately, this limitation to first-time buyers only will have a very small impact, as very few new home buyers are first time buyers. It will not substantially help address affordability, nor will it help significantly stimulate sales and construction,' said Justin Sherwood, Senior Vice President of Communications, Research, and Stakeholder Relations at BILD. 'The government has reaped billions in additional tax revenue on new homes by not indexing GST price rebate thresholds since 1991 and instead has created a new mechanism that will apply to very few purchasers. In order to have maximum impact and address the effects of GST/HST on eroding home affordability, the Federal government must broaden the scope of the GST (HST) measures to all new home purchases.'
Benchmark prices decreased in April for both single-family homes and condominium apartments in the GTA compared to the previous year. The benchmark price for new condominium apartments was $1,019,120, which was down 3.6 per cent over the last 12 months. The benchmark price for new single-family homes was $1,530,126, which was down 5.4 per cent over the last 12 months.
With more than 1,000 member companies, BILD is the voice of the home building, residential and non-residential land development and professional renovation industries in the Greater Toronto Area. The building and renovation industry provides 256,000 jobs in the region and $39.3 billion in investment value. BILD is affiliated with the Ontario and Canadian Home Builders' Associations.
-30-For additional information or to schedule an interview, contact Janis McCulloch at jmcculloch@bildgta.ca (416-617-7994)
*Altus Group should be credited as BILD's official source of new home market intelligence.
Attachment
Altus Data Solutions media backgrounder April 2025 BILD New Homes Sales
CONTACT: Janis McCulloch Building Industry and Land Development Association (BILD) 416-617-7994 jmcculloch@bildgta.ca

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Articles on contractor loan programs for businesses with credit challenges and reports on bad credit business loans surging nationwide provide validation that these financing solutions are not isolated experiments but part of a national trend. For many plumbing contractors, seeing their industry reflected in national coverage adds legitimacy and confidence to their decision to pursue financing through providers like ROK Financial. Skeptics, on the other hand, raise important questions. Online discussions often include warnings about interest rates, repayment terms, and the possibility of contractors becoming overly reliant on loans. Some argue that while the immediate benefits are clear, the long-term costs could put pressure on businesses if not managed carefully. Others worry about whether lenders can maintain flexibility if economic conditions worsen, or if increased demand will lead to stricter requirements over time. 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These observers frame the debate less in terms of good or bad, and more as a sign of where the lending market is headed in the long term. The conversation also highlights important signals behind the buzz. Contractors' willingness to discuss their financing experiences publicly shows a shift in attitudes. Financing is no longer a private subject but part of an open dialogue about running a competitive business. The frequency of keywords like 'best plumbing contractor loans' and 'no credit check financing' in online searches is a measurable indicator that demand is both broad and growing. For contractors considering their options, the debate itself is useful. Hearing both supportive and skeptical voices helps business owners make more informed decisions. Supporters highlight the growth opportunities, skeptics emphasize the need for caution, and neutral observers provide context about the larger market. Together, these perspectives form a complete picture that reflects the complexity of small business financing in 2025. Contractors ready to evaluate their options can review the official ROK Financial plumbing loan programs here and compare their features against broader industry coverage such as best no credit check financing programs expanding this year. About ROK Financial ROK Financial has built its reputation as a leading small business financing partner by focusing on accessibility, transparency, and long-term growth support. Founded with the mission of helping entrepreneurs overcome barriers in the traditional lending system, the company has consistently expanded its offerings to meet the evolving needs of contractors, service providers, and independent business owners across the United States. At its core, ROK emphasizes an education-first approach. Instead of presenting loans as one-size-fits-all products, the platform guides business owners through different financing options, explaining repayment structures, eligibility factors, and the potential impact on day-to-day operations. This emphasis on clarity is a key reason many contractors continue returning for new rounds of funding as their businesses scale. The company has also positioned itself as a trusted partner for industries often excluded from mainstream financing. Beyond plumbing, ROK has expanded into specialized programs for HVAC, roofing, cannabis, and other sectors where traditional banks remain hesitant. Coverage such as best HVAC business loans for contractors with bad credit and cannabis financing programs launched in 2025 reflects how the same commitment to flexibility applies across multiple markets. Plumbing contractors, in particular, benefit from this experience because ROK's frameworks are tested and proven in other complex industries. Another defining value is speed. In today's economy, waiting weeks or months for financing approval can mean losing critical contracts. ROK has invested in digital systems that shorten timelines without sacrificing due diligence. For contractors, this speed translates into the ability to act decisively — purchasing materials, hiring staff, or responding to emergencies without delay. Equally important is the company's focus on building sustainable relationships. ROK does not position itself as a short-term fix but as an ongoing partner in business growth. Contractors who start with small working capital loans often return for larger financing as their companies expand. This continuity builds trust and aligns with ROK's long-term vision of supporting businesses throughout their full growth cycle. Community impact is another central theme. By improving access to financing, ROK strengthens the contractors who maintain essential services for local economies. When plumbers have the resources to take on projects, communities benefit from faster repairs, improved infrastructure, and greater economic stability. This ripple effect underscores why inclusive financing models matter at both the business and societal levels. Today, ROK Financial stands as a recognized leader in alternative financing. Its expansion into plumbing contractor loans reflects not only a response to rising demand but also a continuation of its mission to support entrepreneurs in industries overlooked by traditional lenders. Contractors and business owners interested in exploring options can visit the official ROK Financial plumbing loan program page for details and review broader market reporting on contractor loans designed for credit-challenged businesses. Contact Final Disclaimer This press release is for informational purposes only. The content herein does not constitute financial, legal, or medical advice. Best Plumbing Contractor Business Loans is not intended to diagnose, treat, predict, or guarantee any result or outcome. Individual experiences may vary, and outcomes are not assured. Some links in this release may be promotional in nature and may lead to third-party websites. The publisher or author may receive compensation through affiliate commissions if a purchase is made through these links. This compensation does not affect the price you pay and helps support continued research and content publication. All statements made about product features, platform strategies, or financing programs reflect publicly available information, user discussions, or historical trends, and are not endorsed or validated by regulatory bodies. Please perform your own research before making financial, technological, or purchasing decisions. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. 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- Business Upturn
GridStrat Unveils GridStrat Clarity, a Business and Industry-Aware AI Engine for Improved AI Search Visibility and Live Market Intelligence
Calgary, Aug. 16, 2025 (GLOBE NEWSWIRE) — GridStrat today announced the launch of GridStrat Clarity, a business-aware AI platform that continuously analyzes a company and its operating environment to improve how AI systems answer questions about the business and to surface live market signals for sales, financing, and compliance teams. The Calgary-based firm specifies that the platform merges Generative Answer Engine Optimization (AEO/GEO) with continuous business ecosystem monitoring, a response to corporate and customer decisions increasingly originating and receiving decision support from AI tools. 'AI is now the front door to most buying and strategic decision making. GridStrat Clarity maximizes your business's value creation potential in this critical environment by continuously teaching AI systems the correct and most compelling facts about your business. Now you can ensure prospective stakeholders, from customers to investors, have your best information at their fingertips, and you can get ahead and stay ahead of competition by more rapidly digesting market shifts and improving your tactics.' — Ryan McDonald, Founder & CEO, GridStrat The platform's AI Visibility Optimization is already delivering significant results. It audits what popular AI tools like ChatGPT, Google AI infused search, Gemini, and Perplexity know about a business, provides guidance to improve recommendation visibility, corrects inaccuracies with structured, verifiable information, and helps earn accurate citations for high-intent queries. 'In just over a month, we moved from basically invisible in AI search recommendations to number 1 in both of our targeted growth markets, Idaho and Washington, for our product category,' said Terry Sydoryk, CEO of Cellar Insights. 'That shift has positioned us far more effectively to meet our company's sales objectives.' Beyond public visibility, GridStrat Clarity provides continuous, company-specific intelligence by tracking organizations, customers, policies, competitors, technologies, and key events. This allows it to route critical signals into actionable briefings and workflows. This new AI-driven landscape impacts the entire business ecosystem, including consulting and marketing communications partners. 'PR is a major contributor to AI answer credibility… GridStrat Clarity ensures our clients are represented accurately. Additionally, it equips their executives, and our team!, with GridStrat's strategic news monitoring and market intelligence, empowering everyone to move smarter and execute faster,' said Dalyce Semko, Founder & CEO of communications partner ExpandCommunications. Why This Matters AI systems are rapidly becoming a critical component of business, from product and vendor evaluation to exploring strategic scenarios and assisting with content and workflow. Simultaneously, markets, technologies, and regulatory and policy signals are changing more rapidly than ever. Organizations require improved and more accurate representation in AI answers for both external parties and for their own internal teams. GridStrat Clarity achieves this through continuous business ecosystem awareness to make more timely, informed decisions. Availability and Early Access GridStrat Clarity is available now to qualified customers and agency partners. GridStrat will also be opening limited Early Access programs for new modules built on the same business-aware core, including Target ID & Account Radar, Capital Signals & Grant Finder, and M&A support. Interested companies can join the waitlist. For more details, visit And contact: [email protected] About GridStrat GridStrat is a high-performance consulting and AI solutions firm based in Calgary, Alberta, dedicated to assisting founders and executives in achieving scalable, rapid, and efficient growth. The company specializes in growth strategy, business development, capital advisory, and AI-enhanced business tools to help clients across North America penetrate new markets, secure growth capital, and harness advanced technologies effectively. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash