Page 19 - Nov-Dec 2025 REPORTER

Ontario

Proposes

HST Rebate

for First-Time

Homebuyers

he Ontario government plans to help saying the rebate will help young families qualify for the full rebate, while those
Tfirst-time homebuyers with a new enter the housing market at a time of high priced between $1 million and $1.5
sales tax rebate that, when combined with costs. “In short, it means more money that million would receive a partial rebate.
existing provincial and federal incentives, stays where it belongs — in the pockets Opposition parties said the measure
could save buyers up to $130,000 on of hardworking Ontario families,” he said. falls short. NDP Leader Marit Stiles said,
homes valued up to $1 million. The “Through measures like this HST relief, “I don’t know where people are supposed
measure will be included in the November we’re helping more young families take to buy these homes — they simply do
Fall Economic Statement and proposes that first step into home ownership.” not exist,” adding that affordability must
to rebate the province’s 8% portion of Combined with Ontario’s existing go beyond housing. Liberal housing critic
the HST for qualifying buyers. The move HST New Housing Rebate, the total Adil Shamji called the proposal a “token
follows the federal government’s proposal provincial savings could reach $80,000. measure,” arguing it “barely unlocks
in June to eliminate its 5% HST on first- When paired with the federal measure, housing in Toronto” and excludes most
time home purchases. the combined savings would rise to Ontarians.
Finance Minister Peter Bethlenfalvy $130,000.
announced the measure October 28th, Homes valued up to $1 million would

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