05/30/2026
Ontario's expanded HST rebate on new homes made headlines over last few months. But before we celebrate, a few things worth noting.
GTA power-of-sale filings are up nearly 60% year-over-year — a level that analysts are comparing to the fallout from the 2008 financial crisis. Homeowners are being forced out, not welcomed in.
The rebate itself was financed through government borrowing. Canadians are still servicing that interest through their tax base. A rebate funded by debt isn't relief — it's cost redistribution.
The deeper question no one in politics is asking: does this policy structurally help first-time buyers, or does it disproportionately benefit developers and investors who were already well-positioned?
As a GTA Sales Representative, I work with buyers and sellers who are navigating these exact conditions every day. Policy announcements shift the market — but they don't replace sound strategy.
If you're making a real estate decision in this environment, let's connect.
