04/16/2026
Big News for the Housing Market: $1.7B to Boost Supply! 🏠
The Government of Canada just introduced Bill C-26, a $1.7 billion package designed to fast-track home construction and get more shovels in the ground. This isn't just about funding; it’s about making homeownership attainable again.
What you need to know:
$1.7 Billion Investment: Direct funding to provinces to kickstart stalled projects and protect critical construction jobs.
The Ontario HST Breakthrough: In a major partnership, Ontario is removing the HST on all newly built homes for one year. This could save buyers up to $130,000!
Advocacy in Action: These changes reflect key recommendations from CREA to reduce upfront costs and unlock much-needed inventory.
The Bottom Line: Whether you’re a first-time buyer looking at new builds or just waiting for more listings to hit the market, this is a massive step in the right direction. It’s a great time to discuss how these savings might change your "buy vs. build" strategy.
Have questions about how the HST rebate works for your specific move? Reach out to your local REMAX Absolute Realtor today!
The Canadian Real Estate Association (CREA) welcomes the Government of Canada’s introduction of Bill C-26 in March 2026.