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.
April 20, 2026
TRREB Applauds Expanded HST Relief for Buyers
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....