Ontario extended HST relief to all new-home buyers, covering purchases up to $1.5M, not just first-timers.
Rebates can reach $130K on qualifying new units, tapering above $1.5M between April 1, 2026 and March 31, 2027.
A real estate board said years of lobbying helped secure the change, uniting builders, labour, rentals and non-profits.
The board said removing HST on qualifying builds could cut end prices, improve feasibility, and boost “missing middle” supply.
Brokers said combined tax rebates may sharpen new-build pricing, but won’t fully offset borrowing costs, land prices, and fees.
I’m seeing Ontario use tax relief to make new homes more attainable by widening who qualifies for rebates. It may help pricing and supply, but broader affordability still depends on approvals and overall building costs.
Rate relief stirs cautious revival in GTA spring market
Canada's housing market in spring 2026 shows increased activity due to lower borrowing costs and pent-up demand. Despite this, supply remains insufficient, with a need for 3.5 million more homes by 2030 to restore affordability....
