04/13/2026
April brought some notable updates. March saw 5,039 home sales—slightly up from last year—while listings dropped 16.7%, meaning fewer options for buyers as the spring market picks up.
As of April 1, 2026, Ontario has temporarily removed the 13% HST on eligible new homes until March 31, 2027. Buyers can save up to $130,000 on homes under $1M, with partial savings up to $1.85M. This applies to various home types and is not limited to first-time buyers.
To qualify, agreements must be signed within the program dates, with construction starting by the end of 2028 and completion by the end of 2031.
This move aims to boost construction and buyer activity, with expectations of more housing starts, job creation, and economic growth.
Overall, this is a positive step, and the market is showing signs of improvement. There are great opportunities right now—feel free to reach out if you're thinking about buying or selling.
Have a great April!
Jey JeyKumar
BSc.Eng(Civil), REALTOR®
647 720 9266
RE/Max Realtron Realty Inc., Brokerage
209-885 Progress Ave, ON, M1H 3G3
www.propertydreams.ca