REPORTS VARYDoug Ford's government extending full $1M homebuyer rebate for one year
Ontario PremierDougFord is proposing to temporarily expand an existing sales-taxrebate, removing thefull HST on new homes under$millionfor aone-year period. Eligible buyers could receive amaximum rebate of upto $10k (approximate basedon standard program limits not fully detailed in excerpt). This move aims t o energize thenew home sector by reducing purchase costs for first-time and existing homeowners alike across the province, with plans expected to be finalized soon after this March 25 announcement.
Key Points
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1The Ontario Government plans a temporary measure removing the full 13% HST for eligible buyers of new residential properties.
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2Eligibility thresholds vary by source, with some reporting coverage up to $1.5 million and others specifying expansion under or at exactly $1 million.
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3If approved as part of Thursday's provincial budget, this temporary relief is projected to deliver approximately 2 billion in economic support for the housing sector over one year.
Developments
The Government of Ontario plans to remove 13% HST on new homes up to $1.5 million and offer rebates ranging from nearly full refunds ($24k–$80k) down to a maximum cap, with scaled reductions for higher-priced properties above that threshold; if approved as part of the upcoming budget starting April 1st through March 31st in 2027, this measure is estimated by Ford's government and supported federally at $5 per cent cost-sharing.
The Province plans to temporarily remove the Harmonized Sales Tax (HST) on new homes valued up to $1 million from April 2026 through March 2027, offering eligible buyers a maximum rebate of $130K. This initiative aims to stimulate an estimated additional housing market activity including roughly eight thousand starts and support over twenty-one hundred jobs in Ontario for one year while the federal government covers its share until legislation passes next spring