Ontario’s plan includes $11B in tax expenditures: $2.2B for new-home HST rebates and $8.8B tied to Development Charges, aimed at reviving private homebuilding activity.
The HST rebate began April 1 for 12 mo, removing HST on new Ontario homes up to $1M and tapering above $1.5M.
Rebates now extend beyond first-time buyers to existing owners and corporations, while priority municipalities face Development Charges ↓~30% or more over three yr.
With resale supply abundant, a housing agency projects Ontario resale prices, condo starts, and house starts will keep easing through 2026, shaping builder strategy.
Another proposed route targets public funds toward nonprofit and cooperative rentals, using acquisitions to keep homes community-owned and rents lower over time.
September 2, 2026
Toronto Affordability Gains in Q2 2026 | Reach out to me for buying or selling. First time? Call for a FREE consultation.
In Late-Q2 2026, Toronto saw one of the strongest affordability gains as falling home prices, not easier financing, became the main driver. Toronto recorded a ~2.5-point affordability improvement after its representative home price fell ~4%...