Ontario Buyers Could Save $130K on HST | Sivage Sivagumaran, CPA | https://sivagerealty.ca | How to Find the Best Real Estate Agent in Toronto for Your Needs?

The province proposed removing HST on most new homes, combining provincial and federal support to lower purchase costs for eligible buyers across Ontario.
Buyers of new homes priced at $1M or less would receive full relief, with potential savings reaching up to $130K under the proposal.
Homes from $1M to $1.5M would still qualify for the maximum rebate, while higher-priced homes would see relief gradually reduced above that range.
Officials said the measure could add ~8K housing starts in 2027, support up to 21K jobs, and strengthen Ontario's economy through construction activity.
Applications are not open yet; buyers purchasing eligible homes from April 1, 2026 through March 31, 2027 can apply after program launch.


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