Aman Nanda PREC Surrey Realtor

03/20/2026

Canada's $50,000 GST Exemption for First-Time Buyers (2026)

It applies to purchase agreements entered on or after March 20, 2025 through 2030 for new homes priced up to $1,000,000 (full exemption) or $1,000,000–$1,500,000 (reduced GST).

Canada's GST exemption saves first-time buyers up to $50,000 on new homes in BC. Learn who qualifies, how to apply with CRA, the sliding scale for $1M–$1.5M homes, and how to stack it with BC's PTT exemption. Updated March 2026.

05/28/2025

🏡 First-Time Home Buyers 🏡

Ottawa just proposed a 100% GST rebate (up to $50,000) on new homes priced up to $1 M, with a sliding scale down to $0 at $1.5 M.

🔑 Who qualifies?
• 18+ & Canadian citizen / PR
• Haven’t owned & lived in a home in the past 4 years
• Home must be your primary residence

🗓️ Key dates:
• Contract signed on/after May 27, 2025
• Construction start by Dec 31, 2030 & complete by Dec 31, 2035

📊 Example savings:
• $1 000 000 home → 100% rebate → save $50 000 in GST
• $1 100 000 home → 80% rebate → save $44 000 in GST
• $1 300 000 home → 40% rebate → save $26 000 in GST

12/28/2024

🎉 Just Sold! 🏡✨
Congratulations to our amazing seller on the successful sale of Unit 3008, 11967 80 Avenue!