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.
August 12, 2026
GTA Bidding Competition Nears Multi-Year Low | Reach out to me for buying or selling. First time? Call for a FREE consultation.
In Late-Q2, just 6% of GTA neighbourhoods with at least five resale deals were overbid, while 93% were underbid and 1% sold at asking. New GTA listings also weakened in Late-Q2, led by condo softness,...
