Orges Hysi

A new federal GST/HST relief program could help eligible first-time home buyers save up to $50,000 on qualifying newly built homes across Canada. Eligible buyers may recover up to 100% of the federal GST, or federal portion of the HST, on qualifying new homes valued up to $1M, with partial rebates available up to $1.5M.

Qualifying property types may include:
• Newly built homes
• Substantially renovated homes
• Certain owner-built homes

Ontario has also proposed additional provincial HST relief, with details still subject to final legislation and implementation guidelines.

Questions about how these programs may apply to your purchase plans? Connect with me to learn more.