03/28/2026
Ontario is making a big move to support homebuyers 🏡 by temporarily removing HST on many newly built homes. And the best part? This benefit is no longer limited to first-time buyers — it’s now open to all eligible buyers for one year starting April 1, 2026.
This initiative is designed to make housing more affordable and encourage new construction across the province.
💡 Key Highlights:
✅ No HST on new homes priced up to $1 million
💰 Maximum rebate of up to $130,000
📊 Partial rebates available for homes priced up to $1.85 million
🏠 Applies to properties used as a primary residence or rental
The plan is being rolled out in partnership with the federal government, which will help cover part of the HST. Altogether, this program is expected to provide nearly $2.2 billion in tax relief across Ontario.
📈 What This Means for Toronto:
Toronto’s housing market has long struggled with affordability. This move aims to:
🚧 Boost housing construction
🏘️ Add around 8,000 new homes
👷 Create over 20,000 jobs by 2027
Overall, this could be a major step toward easing the housing crisis and making homeownership more accessible.
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