04/21/2026
New Homes!
The Canadian and Ontario governments just handed a massive win to homebuyers and investors. If you’ve been waiting for the "perfect time" to enter the market or upgrade your portfolio—this is it.
A new, temporary program has officially launched that effectively removes the full 13% HST on qualifying new homes. This isn't just a small tax credit; we are talking about projected savings of up to $130,000 in combined relief.
The Highlights: What You Need to Know
The Price "Sweet Spot":
You get the full 13% HST removed on homes valued up to $1,000,000, maxing out at $130,000. Homes valued between $1,000,000 and $1,500,000 receive a flat $130,000 rebate. The rebate completely phases out above $1.85 million.
Broad Eligibility:
Under Ontario's proposed expansion, this targets all buyers, whether you are a first-time or repeat buyer. It applies to primary residences and even "substantial renovations" where 90%+ of the interior is replaced.
The "One-Year Window":
This timeline is strict. The program only applies to agreements signed between April 1, 2026, and March 31, 2027.
Critical Construction Deadlines:
For primary residences, construction must start by December 31, 2028. To keep the rebate, the home must be substantially complete by December 31, 2031.
Immediate Cash-Flow Relief:
You can get this credited at closing, where the builder reduces the purchase price by the rebate amount. This provides immediate cash-flow relief for the buyer. Alternatively, you can pay the full HST on closing day and claim the rebate afterward directly through the CRA.
Why This Changes Everything
Whether you are buying an $800,000 property or maxing out the rebate on a $1,000,000 home, keeping up to $130,000 in your pocket significantly changes your financing math, drastically reduces your closing costs, and keeps your hard-earned cash where it belongs.
This temporary window will move fast, and properties that qualify for this rebate are going to be in high demand.
For more information please contact me at +14168221499 or
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