Ontario Will Cover Up to $130,000 of HST on a New Home but Only If You Sign Before March 31, 2027.
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Ontario's expanded HST rebate wipes out the full 13% tax on eligible new homes up to $1 million, worth up to $130,000, but only for purchase agreements signed between April 1, 2026 and March 31, 2027, and most buyers I talk to do not even know it exists. Pair that with a GTA condo market sitting at multi-decade lows where some developers are cutting prices to or below construction cost, and this is the strongest entry window first-time buyers have seen in years. As a licensed mortgage broker, I structure your pre-approval so you know exactly what you qualify for, how the rebate changes your numbers, and which lenders work best for new construction closings. The clock on this rebate is already running, so send me a message before you sign anything with a builder.
Source: https://www.osler.com/en/insights/updates/ontarios-new-hst-rebate-key-details/
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