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.
Home sales data for 1st month of the HST rebate window is out. Here’s what the numbers show
In April, 1,100 new homes sold in the GTA, nearly triple last year's 384, driven mainly by a rise in single-family home sales (901 vs. 241). Condo sales increased to 199 from 143. The HST...
