{"id":129066,"date":"2026-07-14T13:25:06","date_gmt":"2026-07-14T13:25:06","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/129066\/"},"modified":"2026-07-14T13:25:06","modified_gmt":"2026-07-14T13:25:06","slug":"hst-rebate-sparks-renewed-interest-in-toronto-new-builds","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/129066\/","title":{"rendered":"HST rebate sparks renewed interest in Toronto new builds"},"content":{"rendered":"<p>&#8220;If sales are higher and the prices are going down, that just shows that there is renewed interest and people are willing to purchase at more attractive offers and prices,&#8221; he said. &#8220;We&#8217;re maybe at the beginning of that tilt to the upside now.&#8221;<\/p>\n<p>Why the confidence of some first-time buyers is improving<\/p>\n<p>Against a backdrop that includes the sustained slide in Toronto condo prices and a broader slowdown in new-home construction across the region, Ontario&#8217;s government in partnership with the federal government <a href=\"https:\/\/www.mpamag.com\/ca\/specialty\/broker-insights\/hst-relief-draws-buyers-to-new-homes-but-appraisal-risk-at-closing-remains\/575142\" rel=\"nofollow noopener\" target=\"_blank\">removed the 13% harmonized sales tax (HST)<\/a> for eligible buyers of new homes valued up to $1 million, applying to purchase agreements signed between April 2026 and March 2027.<\/p>\n<p>That maximum rebate of $130,000 is also maintained for new homes with a value of up to $1.5 million, decreasing proportionally after that point.<\/p>\n<p>The Fraser Institute has estimated the broadened eligibility could prove significant given local prices, noting that 34.1% of new homes sold in Toronto last year were priced above $1 million and would not have qualified for the maximum benefit under the previous, first-time-buyer-only rules.<\/p>\n<p>Unlike earlier versions of the relief, the expanded rebate isn&#8217;t restricted to first-time buyers \u2013 and Khaneka credited the adjustment with helping boost homebuyer confidence towards the market.<\/p>\n","protected":false},"excerpt":{"rendered":"&#8220;If sales are higher and the prices are going down, that just shows that there is renewed interest&hellip;\n","protected":false},"author":2,"featured_media":129067,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[42916,42917,48],"class_list":["post-129066","post","type-post","status-publish","format-standard","has-post-thumbnail","category-toronto","tag-hst-rebate","tag-new-builds","tag-toronto"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/129066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=129066"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/129066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/129067"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=129066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=129066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=129066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}