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GST relief for first-time home buyers now in effect
After almost a year since the Prime Minister announced the government’s intention to remove the GST on new homes under $1 million and lower it on homes between $1 million and $1.5 million for first-time buyers, Bill C-4 (the bill containing the legislation) has finally received Royal Assent.
Read MoreRenovators expect challenging market conditions ahead: Insight from Canada’s first Renovation Market Index Release
CHBA has released a new research and economics product focused on Canada’s residential renovation industry. The new CHBA Renovation Market Index (RMI) provides an indicator of the current and future health of the sector, and the inaugural results show renovators expect challenging market conditions ahead.
Read MoreCHBA launches national campaign to promote women in residential construction
CHBA has launched a national campaign aimed at promoting leading women across Canada’s residential construction sector. Building on Women in Construction Week (March 1-7) and International Women’s Day (March 8), the campaign highlights the achievements of women in industry and aims to encourage more women to explore opportunities in the residential construction sector.
Read MoreLack of Federal Housing Policy Focus on Homeownership a Major Concern for Canadians
New public opinion research conducted by Abacus Data for the Canadian Home Builders’ Association (CHBA) shows widespread dissatisfaction with federal efforts to improve homeownership affordability, with fewer than one in five Canadians satisfied with current federal action. CHBA has solutions for Canada’s housing crisis.
Read MoreNew home selling conditions reach a critical low point for future industry capacity
CHBA’s Q4 2025 Housing Market Index results continue to raise red flags, signaling even fewer future housing starts for homeownership and warning of diminished long-term industry capacity if layoffs continue and strategic action is not taken to help the market rebound soon.
Read MoreGST Rebate for First-Time Home Buyers finally passes through House of Commons but Senate Rises before Passing
Bill C-4, which contains the GST Rebate for First-Time Home Buyers, has passed through the House of Commons. However, the Senate has now also been adjourned for winter recess and will not return until February 3, which means GST relief remains on hold and will not come to home buyers in 2025.
Read MoreParliamentarians set to end the year by giving more bad news to prospective homebuyers as GST rebate still not passed
Homebuyers wishing to get GST relief to move forward and buy a new home in the new year will instead be let down by a government professing to be concerned with affordability. Parliament is set to rise for winter break, once again having missed many opportunities to prioritize passing Bill C-4, which contains the long-promised GST rebate for new homes. The lack of action is keeping would-be buyers on the sidelines, amplifying Canada’s housing supply crisis, and further hurting a struggling home building industry.
Read MoreFederal Budget fails to support homeownership for next generation
The Canadian Home Builders’ Association (CHBA) is raising deep concerns regarding the 2025 Federal Budget, which does not address homeownership for the middle class of the next generation.
Read MoreHomeownership Dreams Dimming as Policy Gaps and Layoffs Shake Industry
CHBA’s Q3 HMI shows Canada’s housing market faces record-low builder confidence, declining homeownership starts, and rising layoffs, as policy gaps and economic pressures shake the industry.
Read MoreCHBA Launches Renovation Month Campaign
October is Renovation Month – a national initiative to motivate homeowners to take action on their renovation goals by choosing verified RenoMark contractors.
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