Baseline GST/HST rebates can still help eligible primary-residence buyers and rental investors, saving up to $24K in PST on homes $450K+ where eligible.
For first-time buyers, the federal rebate fully refunds GST on new homes up to $1M, with partial refunds from $1M to $1.5M.
First-time buyers get longer runway: federal eligibility began March 20, 2025, and Ontario full HST refunds would extend through 2030 if approved.
If approved, Ontario's enhancement covers April 1, 2026, to March 31, 2027, giving all buyers full HST refunds on homes up to $1M.
Before signing, confirm whether the builder folds rebates into pricing, verify construction timelines, and coordinate with your Real Estate lawyer and agent.
September 23, 2026
Toronto Area Home Prices Dip Below $1 Million | Reach out to me for buying or selling. First time? Call for a FREE consultation.
Seeing Toronto area home prices dip just below the $1 million mark—averaging around $993,000 and about 3% lower than last year—brings a shift in the landscape for many buyers looking for more affordability. However, with...