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.
September 3, 2026
POV: You’re House Hunting In Toronto—Here’s The Catch | Reach out to me for buying or selling. First time? Call for a FREE consultation.
CMHC expects Toronto sales to increase in 2026, even while prices remain below recent peaks. Here’s the overlooked part: today’s abundant inventory could give patient buyers more choice and negotiating room. Royal LePage expects GTA...
