03/27/2026
Exciting News for Ontario Homebuyers! 🏠💰
The Ontario government has announced an expanded HST rebate for new homes, offering BIG SAVINGS for eligible buyers! This temporary expansion, running from April 1, 2026, to March 31, 2027, makes homeownership more accessible for all buyers, not just first-time ones.
What does this mean for you?
• Temporary Expansion to All Buyers: Everyone can benefit from this limited-time offer, regardless of whether it's your first time buying.
• Maximum HST Rebate of up to $130,000: For homes valued up to $1.5 million (new construction), you could receive a substantial rebate on your HST.
• Sliding Scale for Higher Values: Homes between $1.5 million and $1.85 million still qualify for a reduced rebate.
• Pre-existing Rebate Still Available: The $24,000 pre-existing rebate remains for homes valued at $1.85 million and above.
Example Savings: On a $1M new home, you could save a massive $130,000!
Key Eligibility:
• Primary Residence: The new home must be your primary residence.
• All Eligible Buyers: Available to all eligible buyers during the specified timeframe.
• Newly Constructed Homes: Only applies to new builds.
• Signed Purchase Agreement: Must have a signed Purchase Agreement within the one-year window.
Why it Matters:
This expanded HST rebate aims to:
• Boost Affordability: Making new homes more accessible for families.
• Spur New Home Construction: Encouraging development and housing supply.
• Create Jobs: Supporting the construction industry and overall economy in Ontario.
Don't miss out on these incredible savings! Talk to your builder or a real estate professional today to understand how this expanded HST rebate can benefit you on your new home purchase.
Get started on your homeownership journey!
