HST Rebate Expansion for New Homes in Kitchener Waterloo
March 25, 2025 – Cornerstone Association of REALTORS® (Cornerstone) welcomes today’s announcement from the Ontario government to expand the HST rebate to all eligible buyers of new homes as part of the upcoming 2026 Ontario Budget. In partnership with the Federal government, eligible buyers would receive a rebate of the full 13 per cent of HST on new homes valued up to $1 million, with purchase agreements signed by March 31, 2027.
In our pre-budget submission to the Province, Cornerstone called for practical measures to help more Ontarians achieve their dream of homeownership, including the removal of the provincial portion of the HST for all new homebuyers, not just first-time buyers.
The maximum rebate of $130,000 would be maintained for new homes valued up to $1.5 million and would decrease proportionally thereafter to $1,850,000, where homes at that price point and beyond would receive a $24,000 rebate. This announcement reflects key priorities we have been actively advancing on behalf of our 7,500 REALTOR® members and the communities they serve.
What This Means for You
This is a major opportunity for buyers to save significantly when purchasing a newly built home. With thousands of dollars back in your pocket, upgrading to a new build or entering the market becomes much more attainable.
Thinking about buying new? Let’s make it simple.
At CC Realty Group, we help you:
* Navigate new construction opportunities (including builder inventory & pre-construction)
* Maximize rebates and incentives available to you
* Understand timelines, deposits, and upgrade options
* Negotiate on your behalf — even with builders
* Ensure you’re making a smart long-term investment
The bottom line: this rebate could save you up to $130,000 — but timing and the right strategy matter.
📲 Reach out today to explore new home opportunities and see how much you could save.