this post was submitted on 21 Mar 2025
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182
PM Mark Carney Announces Elimination of GST on New Homes (www.cpac.ca)
submitted 2 days ago* (last edited 2 days ago) by [email protected] to c/[email protected]
61 comments fedilink hide all child comments
 

First time home buyers will not be charged GST (5%) when buying a home, as long as the place they're buying costs less than $1M. This means that people buying a home for the first time will save up to $50k on their purchase.

Edit: Note, GST is mostly only charged when buying newly built homes, so this won't have any effect for people buying used homes.

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[–] [email protected] 37 points 2 days ago (3 children)

On many other parts of the internet you'll see a lot of people saying Carney copied Pierre's policy.

  1. As shown below Carney's exemption is specific to first time home buyers where Pierre's is not. Also doesn't have whatever that rental thing is supposed to be.

  2. Liberals most tangible housing policies in the past 9 years has been providing more purchasing power to "first time home buyers". I think this would be there 4-5th thing to do so, in which case not exactly a significant departure what they've done in this area.

Sept 2023

https://www.conservative.ca/building-homes-not-bureaucracy/

Remove GST on the building of any new homes with rental prices below market value. This will be funded using dollars from the failed Liberal Housing Accelerator fund. Within a year and a half of this law passing, list 15 percent of the federal government’s 37,000 buildings and all appropriate federal land to be turned into homes people can afford.

Oct 2024

https://www.cbc.ca/news/politics/poilievre-gst-new-homes-cut-1.7365339

Conservative Leader Pierre Poilievre is pledging to eliminate the GST on new homes sold for under $1 million if his party wins the next federal election.

[–] [email protected] 27 points 1 day ago (1 children)

I don’t even care if he had copied Pollivres policy, governing is about doing what’s right for Canada before all else, including your own pride.

I want leadership who implement good ideas from all sides of aisle.

If Pollievre is more worried about pride than happy that Canadians are benefitting he has the wrong mentality.

[–] [email protected] 2 points 12 hours ago

Yeah, I really wish the Federal Conservatives would implode as a party already. They’re making our politics so toxic that they make the Ontario Conservatives/Ford look good.

What I want more than anything right now is for our politicians to work together to solve the ridiculous amount of issues at hand rather than flinging shit.

[–] [email protected] 12 points 2 days ago

Those are some important distinctions.

[–] [email protected] 5 points 2 days ago

Informative