this post was submitted on 21 Mar 2025
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PM Mark Carney Announces Elimination of GST on New Homes (www.cpac.ca)
submitted 1 day ago* (last edited 23 hours ago) by [email protected] to c/[email protected]
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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] 4 points 14 hours ago

So our govt will build homes across the country, employing Canadians and using Canadian products.

That's exactly what I want. And I also want tax changes that stop homes from being a investment vehicles. That's part of what has run prices up, in addition to the stuff we both listed above.