Ontario and federal governments removed HST on new homes <$1M and reduced tax up to $1.85M.
Industry groups said the 1-yr measure should lower upfront costs, boost buying power, and support construction jobs.
Tax details: $1.85M keep $24K provincial rebate; substantial renovations count as new housing for tax purposes.
Policy runs April 1, 2026 to March 31, 2027, aiming to counter slow sales and lower starts.
Home prices under $500K in some of the cheapest Greater Toronto neighbourhoods
The five least expensive neighbourhoods in the Greater Toronto Area have homes priced under $500,000. The lowest median home sale price was in the Queen Street corridor in Brampton at $397,500. Central Mississauga had a...
