04/04/2026
๐ก๐ก๐๐ช ๐๐ข๐ก๐ฆ๐ง๐ฅ๐จ๐๐ง๐๐ข๐ก: ๐๐ข๐ช ๐ฅ๐๐ฆ๐ ๐ฃ๐ฅ๐ข๐๐๐๐ง๐ฆ ๐๐๐ฅ๐ข๐ฆ๐ฆ ๐ง๐๐ ๐๐ง๐ ๐๐ก๐ ๐ก๐๐ช ๐๐ฆ๐ง ๐ฅ๐๐๐๐ง๐
Starting ๐๐ฝ๐ฟ๐ถ๐น ๐ญ, ๐ฎ๐ฌ๐ฎ๐ฒ, ๐๐ผ ๐ ๐ฎ๐ฟ๐ฐ๐ต ๐ฏ๐ญ, ๐ฎ๐ฌ๐ฎ๐ณ, the Ontario government, in partnership with the federal government, will offer a full HST rebate (up to $130,000) on new homes valued up to $1 million, expanding eligibility to all buyers, including investors and repeat buyers.
Here are some initial points; however, knowing that we are still working on the finer details of how the HST rebate or credit will be handled, each developer is currently handling the process differently. Guidelines exist regarding whether the property is an investment property or a principal residence. The main detail is that an investor must occupy the property within a tighter timeline than someone purchasing for their principal residence. Some details regarding this are included below.
๐๐๐ฒ๐ ๐๐ฒ๐๐ฎ๐ถ๐น๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐๐
๐ฝ๐ฎ๐ป๐ฑ๐ฒ๐ฑ ๐๐ฆ๐ง ๐ฅ๐ฒ๐ฏ๐ฎ๐๐ฒ (๐ฎ๐ฌ๐ฎ๐ฒ-๐ฎ๐ฌ๐ฎ๐ณ):
๐น๐ ๐ฎ๐
๐ถ๐บ๐๐บ ๐๐ฒ๐ป๐ฒ๐ณ๐ถ๐: A maximum of $130,000 in provincial rebate, matching the federal rebate, potentially eliminating the full 13% HST on homes up to $1 million.
๐น๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ง๐ถ๐ฒ๐ฟ๐:
* Up to $1 Million:
* Full provincial rebate on the 13% HST (max $130,000).
* $1 Million to $1.5 Million: Flat maximum rebate of $130,000.
* $1.5 Million to $1.85 Million: Proportional, declining rebate.
* Over $1.85 Million: Continues the current $24,000 provincial rebate.
๐น๐๐น๐ถ๐ด๐ถ๐ฏ๐ถ๐น๐ถ๐๐ & ๐ง๐ถ๐บ๐ถ๐ป๐ด: The rebate applies to new homes purchased as a primary residence or a rental property. The purchase agreement must be signed between April 1, 2026, and March 31, 2027.
๐น๐๐ผ๐ป๐๐๐ฟ๐๐ฐ๐๐ถ๐ผ๐ป ๐ง๐ถ๐บ๐ฒ๐น๐ถ๐ป๐ฒ๐: Construction must begin on or before Dec. 31, 2028, and be substantially completed on or before Dec. 31, 2031.
๐นThis temporary, one-year measure aims to address high housing costs and stimulate the construction sector. The rebate is expected to increase housing starts and support employment within the province
๐๐๐ด๐ฎ๐ถ๐ป, ๐บ๐ผ๐ฟ๐ฒ ๐ฐ๐น๐ฎ๐ฟ๐ถ๐๐ ๐๐ถ๐น๐น ๐ฐ๐ผ๐บ๐ฒ ๐ฎ๐ ๐บ๐ผ๐ฟ๐ฒ ๐ถ๐ป๐ณ๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐ผ๐ป ๐ถ๐ ๐ฟ๐ฒ๐น๐ฒ๐ฎ๐๐ฒ๐ฑ ๐ณ๐ฟ๐ผ๐บ ๐๐ต๐ฒ ๐๐ฒ๐ฑ๐ฒ๐ฟ๐ฎ๐น ๐ฎ๐ป๐ฑ ๐ฃ๐ฟ๐ผ๐๐ถ๐ป๐ฐ๐ถ๐ฎ๐น ๐ด๐ผ๐๐ฒ๐ฟ๐ป๐บ๐ฒ๐ป๐๐.
๐ธ๐ธ๐ธCheck this out for some pre-con projects in GTA and near by areas.
๐๐ค๐ช๐ง๐๐: ๐๐ง๐-๐พ๐ค๐ฃ๐จ๐ฉ๐ง๐ช๐๐ฉ๐๐ค๐ฃ ๐ฟ๐๐ฅ๐๐ง๐ฉ๐ข๐๐ฃ๐ฉ | ๐๐ค๐ฎ๐๐ก ๐๐๐๐๐ ๐๐๐๐ฃ๐๐ฉ๐ช๐ง๐ ๐๐๐๐ก๐ฉ๐ฎ
๐ฉ๐ถ๐ป๐ฐ๐ฒ ๐๐ฒ, ๐ฅ๐ฒ๐ฎ๐น ๐๐๐๐ฎ๐๐ฒ ๐๐ด๐ฒ๐ป๐, ๐ฃ๐ ๐ฃ
Royal LePage Signature Realty, Brokerage
201 - 30 Eglinton Ave W
Mississauga, L5R 3E7
๐Call/Text: 647-514-6789
๐งEmail: [email protected]
๐ https://maps.app.goo.gl/hCPM3YaxdE2hoZv8A
