On May 27, 2025, the Government of Canada introduced a new GST rebate that could put up to $50,000 in tax relief on the purchase of a newly built home, and it’s available for agreements signed on or after May 27, 2025.
If you're planning to make a move, this incentive may significantly reduce your upfront costs and expand your options in today’s market.
Key highlights of the First-Time Home Buyers’ GST Rebate:
Full GST rebate for homes priced up to $1 million
Partial rebate for homes between $1 million and $1.5 million
Applies to new builds, owner-built homes, and co-op units
Available to Canadian citizens or permanent residents who haven’t owned or lived in a home owned by their spouse/common-law partner in the past four years
This is a significant update, especially in markets where new home prices often exceed the previous rebate threshold of $450,000.
Curious whether you qualify or what homes might be eligible?
I’d be happy to walk you through the criteria, show you qualifying properties, and help you take full advantage of this new opportunity.
Please reach out today. I look forward to assisting you.
