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PM Mark Carney Announces Elimination of GST on New Homes (www.cpac.ca)
submitted 4 months ago* (last edited 4 months 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] 7 points 4 months ago

It's not like higher tiers of government are necessarily less corrupt.

The idea I like is to tax NIMBYs. Have an auction where the "prize" is immunity from new housing for say 5 years, and the price is the property tax you pay. If you want to prevent the construction of denser housing in your neighbourhood, you need to outbid all the other neighbourhoods that also want to avoid it. Any neighbourhood that drops out of the auction pays no additional property tax.

That way right neighbourhoods of NIMBYs basically pay the rest of the city for the privilege of not having things built in their backyards.

this post was submitted on 21 Mar 2025
182 points (100.0% liked)

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