03/13/2026
๐จ๐ฆ Good news for first-time home buyers in Canada
The federal government has announced a GST break on newly built homes, which could make getting into the market a little easier.
Hereโs the quick breakdown:
โ
0% GST on new homes up to $1,000,000
๐ก Partial GST rebate for homes priced between $1M โ $1.5M
๐ฐ Potential savings of up to $50,000
This applies to new construction homes, including many pre-construction and newly built properties.
In markets like Toronto and Vancouver, where prices are higher, this could make a real difference for buyers trying to enter the market.
If youโre thinking about buying your first home, now may be a great time to explore your options.
Feel free to reach out if you want to see new homes that qualify for this rebate.