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All Ontario buyers will be eligible for HST rebate on new homes for one year, Ford says
- On Wednesday, Premier Doug Ford announced Ontario will temporarily remove the 13% Harmonized Sales Tax on new homes valued under $1 million from April 1, 2026, to March 31, 2027, to stimulate housing construction.
- Previously, Ontario's HST rebate was restricted to first-time homebuyers, but this expansion opens the incentive to all buyers of newly built properties to address a market slump. Ford is attempting to reverse a decline in housing starts.
- Projections indicate the rebate could stimulate 8,000 additional housing starts, supporting up to 21,000 jobs and boosting Ontario's GDP by $2.7 billion. The federal government has agreed to cover its 5% portion, providing nearly $2.2 billion in relief.
- Finance Minister Peter Bethlenfalvy will table the measure in Thursday's budget, which carries a $13.4 billion deficit. The initiative will cost Ontario almost $1.4 billion in lost revenue.
- Purchase agreements must be signed between April 1, 2026, and March 31, 2027, to qualify for the rebate. Primary residence construction must begin by December 31, 2028, and be completed by December 31, 2031.
47 Articles
47 Articles
RESCON pleased Ontario budget scraps sales taxes on new homes up to certain amount
Vaughan, Ont., March 26, 2026 (GLOBE NEWSWIRE) -- The Residential Construction Council of Ontario (RESCON) is pleased that in today’s provincial budget the Ontario government...
Ontario to Suspend HST on New-Home Purchases for One Year
The Ontario government is removing the Harmonized Sales Tax (HST) on new homes for one year in an effort to stimulate a sector struggling with dwindling sales, Premier Doug Ford said. Ford announced the plan at a March 25 press conference in Mississauga, saying the full 13 percent tax will be eliminated for new homes worth up to $1 million from April 1, 2026, through March 31, 2027. Homes valued between $1 million and $1.5 million will be eligib…
TVA Nouvelles
Le Journal de QuebecThe Prime Minister of Ontario and the Prime Minister of Canada will grant a tax rebate of 13% for a year to all homebuyers.
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