Real Estate by Nermeen Masoud

03/18/2026

The Bank of Canada held its principal interest rate at 2.25 per cent Wednesday, but warned rising oil and natural prices caused by the war in Iran will push up inflation in the short term.

02/24/2026

Thinking of buying, selling, or investing?
The right strategy makes all the difference.
Let’s talk about your goals and build a winning plan.
Nermeen 416 823 8566

02/14/2026

01/22/2026

🏡 What the New GST / HST Rebate Is
1. Federal GST Rebate (First-Time Home Buyers’ GST/HST Rebate)
The federal government is introducing a new GST rebate so first-time home buyers can recover (effectively eliminate) the 5% federal GST on newly built or substantially renovated homes. �
Canada
For homes up to $1 million in value, eligible buyers can recover 100 % of the GST (up to about $50,000). �
Canada
For homes priced between $1 million and $1.5 million, the rebate is gradually phased down (e.g., a $1.25 M home would get around 50 % of the maximum). �
Canada
No rebate for homes $1.5 M or above. �
Canada
💡 This builds on the existing GST/HST new housing rebate but targets first-time buyers specifically. �
Canada
📍 2. Ontario Provincial HST Rebate (Proposed)
Ontario has announced it intends to match the federal rebate for the 8 % provincial portion of HST for first-time buyers:
The new provincial rebate would remove the 8 % provincial HST on eligible new homes up to $1 million for first-time buyers. �
PwC +1
Homes valued between $1 million-$1.5 million would see a reduced provincial rebate. �
PwC
Combined with Ontario’s existing HST new housing rebate, the total provincial benefit could be up to about $80,000 on qualifying homes. �
Ontario Budget
💰 Total Potential Savings
If both the federal and Ontario rebate programs pass as planned and apply to your purchase, you could receive up to ~ $130,000 in savings on a qualifying new or substantially renovated home:
Up to $50,000 from the federal GST portion. �
PwC
Up to ~$80,000 from the new Ontario HST rebate (in addition to existing provincial relief). �
PwC
This effectively eliminates the full 13 % HST on eligible purchases up to $1 M. �
Prime Homes
📋 Who Is Eligible?
To qualify for the first-time home buyer GST/HST rebate (federal and provincial): ✅ You must be a first-time home buyer, meaning:
At least 18 years old.
Canadian citizen or permanent resident.
You (or your spouse/common-law partner) have not owned a home that you lived in in the current year or the four previous calendar years. �
Canada
✅ The property must be:
A newly built or substantially renovated home (including condos).
Bought for use as your primary residence. �
Canada
📅 Timing Rules (Important!)
To qualify for the rebates:
Your agreement of purchase and sale must be signed with the builder on or after May 27, 2025 and before 2031. �
Canada
Construction (or substantial renovation) must begin before 2031 and be substantially completed before 2036. �
Canada
⚠️ Because this rebate is tied to the date you sign your contract with the builder, buyers who signed before that cutoff may not qualify, even if closing happens later. �
Canada
🧾 How It’s Claimed
The federal rebate will be claimed through the Canada Revenue Agency (CRA) once the legislation is in force. �
Canada
In many cases, builders may apply or credit the rebate at closing, but this depends on your purchase agreement and builder practice, so confirm this with your lawyer or realtor. �
PwC
📌 Quick Summary
Feature
Federal Rebate
Ontario Rebate
Tax Portion Covered
GST (5%)
Provincial HST (8%)
Max Full Rebate
Homes ≤ $1M
Homes ≤ $1M
Phase-out Range
$1M–$1.5M
$1M–$1.5M
Total Potential Savings
Up to ~$50K
Up to ~$80K
Combined Potential Savings
~$130K
—
Effective for APS on or after
May 27, 2025
Same proposed timeline
Must be Primary Residence
Yes
Yes
📍 Final Notes
These changes are among the largest tax rebates for first-time buyers in Canadian history. �
Prime Homes
The federal rebate is not yet fully in force until legislation (Bill C-4) receives Royal Assent and CRA forms become available.

12/24/2025

🎄✨ Season’s Greetings from My Home to Yours ✨🎄
As we celebrate this joyful season, I want to take a moment to thank my amazing clients, friends, and family for your continued trust and support throughout the year.
Whether helping you grow your investments or find a place to call home, it has truly been an honor to be part of your journey. 💼🏡
May this Christmas bring warmth to your home, peace to your heart, and happiness to those you love. Wishing you a healthy, joyful holiday season and a prosperous New Year ahead!
With gratitude,
Nermeen Masoud
Sales Representative & Associate Portfolio Manager
Square Yards Real Estate

06/19/2025

Are you planning to buy,sell or invest in Real Estate, call me Nermeen, your trusted Real Estate Agent and Associate Portfolio Manager with Square Yards Real Estate 💐

12/24/2024

I wish you all a Happy Holidays and a very Merry Christmas 🤶 🎄 Nermeen 416 823 8566
Real Estate By Nermeen Masoud.

05/19/2024

Looking for pre construction Real Estate Projects😇 Condos or homes in the GTA Real Estate Realtor, Simcoe and Niagra region, call me
Nermeen 416 823 8566

02/28/2024

February 29, 2024 is the deadline for contributing to an RRSP for the 2023 tax year.

12/24/2023

Wishing you a holiday season full of love, peace, and happiness. May the spirit of Christmas bring you hope and inspiration for the coming year. Merry Christmas and a Happy New Year.

12/11/2023

Specializing in pre construction Condos and Townhouses for Investors and End users. Real Estate Agent and Investment Manager with Square Yard Real Estate.
416 823 8566.