Ontario’s temporary enhanced HST rebate for qualifying new homes purchased before April 1, 2027, has begun to positively impact low-rise new-home sales in the GTA. According to a BILD report, April saw low-rise sales surpass their 10-year average for the first time in three years, though overall new-home sales remained 55% below the 10-year average. The rebate offers up to $130,000 in combined HST relief, with full benefits applying to homes under $1.5 million. Industry experts note the rebate is a game-changer, reducing tax costs for buyers and improving mortgage qualification. However, challenges remain, including pent-up demand and sluggish condo sales. The program’s temporary nature may drive stronger market activity in the fall as buyers prepare for the closing window. Experts emphasize that while the rebate addresses affordability, long-term solutions require increased housing supply and reduced development charges to sustain lower prices.

Ontario's new housing bill may end rent control, sparking major concerns among tenants and advocates.

<p>TORONTO, Ontario - The Ontario government's newly introduced Bill 17 could potentially nullify municipal green building standards, raising concerns among climate advocates and local authorities [1]...

Doug Ford's Housing Screw-Ups Wasted Years and Money - read the whole story. #OntarioHousing #Crisis https://t.co/MWhh0CYPnl

Ontario falling severely behind in addressing housing needs as per new study A new report from the PLACE Centre at the University of Ottawa’s Smart Prosperity Institute has shed light on the …