03/25/2026
New Build Bonanza. Up to $130,000 HST Rebate Expanded to ALL New Home Buyers
The Ontario government made a major announcement today that could significantly lower the cost of your next home purchase.
As part of the 2026 Provincial Budget, the government is proposing to expand the HST rebate on new homes to all buyers—not just first-time buyers. For a limited one-year window, you could save up to $130,000 on a newly built home or residential rental property.
The Highlights:
• Max Rebate: Up to $130,000 for homes valued up to $1.5 million.
• Eligibility: Open to all buyers (primary residence or rental) for a one-year period.
• The Window: Purchase agreements must be signed between April 1, 2026, and March 31, 2027.
• Deadlines: Construction must start by Dec 31, 2028, and be completed by Dec 31, 2031.
This is a massive shift intended to jumpstart the housing market. If you’ve been waiting on the sidelines, this year-long window might be the right time to move.
The clock is ticking. To avoid missing out call me TODAY for next steps.
Home Value Current/Old Rebate (General) New Proposed Rebate (April 2026) Your Potential Savings
$1,000,000 $24,000 $130,000 +$106,000
$1,500,000 $24,000 $130,000 +$106,000
$1,700,000 $24,000 ~$77,000 (Pro-rated) +$53,000
$1,850,000+ $24,000 $24,000 $0 change
P.S. be a pal and forward this email to someone you know that may be interested.
Important Notice: The information regarding the Ontario HST New Home Rebate expansion is based on the provincial government's announcement on March 25, 2026. This measure is a legislative proposal and is subject to the passage of both provincial and federal laws. Eligibility criteria, deadlines, and rebate amounts are subject to change until the legislation is finalized. This summary is provided for informational purposes only and does not constitute legal, financial, or tax advice. I strongly recommend consulting with a qualified tax professional or real estate lawyer before making any purchasing decisions.
Faiz
Grateful For Your Referrals
Faiz Versey, Broker, CPA, CA, CIM, FCSI
Royal LePage Team Realty, Brokerage
1723 Carling Avenue, Ottawa, ON K2A 1C8
Tel: 613-725-1171
Cell: 343-998-8370