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GST 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.
Read MoreCanadians still waiting for the removal of GST on new homes
Bill C-4 was introduced back in May to remove the GST for first-time buyers on homes under $1 million and lower it on homes between $1 million and $1.5 million. It needs to be passed and implemented immediately, and the exemption should be expanded to all buyers.
Read MoreCanada’s new home construction challenges ongoing amid economic uncertainty
CHBA’s 2025 Q2 Housing Market Index (HMI) saw little change since last quarter, with builders remaining decidedly pessimistic about sales conditions. CHBA’s single-family HMI is 24.9 (out of 100), and the multi-family HMI is 22.8 – both at near record lows, and firmly in negative builder sentiment territory for the twelfth straight quarter.
Read MoreCHBA applauds federal action to adjust GST rebate on new construction homes for first-time buyers
CHBA applauds the government’s move to table legislative proposals to amend the Excise Tax Act to make good on its promise to introduce a new GST rebate for first-time home buyers (named the “FTHB GST Rebate”), which will remove the GST on new homes at or under $1 million and lower it on homes between $1 million and $1.5 million for all first-time home buyers, effective May 27, 2025.
Read MoreGovernment misses important opportunity to enact critical housing campaign promise in Throne Speech
Today, the federal government missed its opportunity to use the Speech from the Throne to make good on its election promise to immediately implement the removal of the GST on new homes at or under $1 million and lower it on homes between $1 million and $1.5 million. The lack of actual implementation of this measure is keeping would-be home buyers on the sidelines, which is negatively impacting the construction of new homes.
Read MoreWinners Announced for the 2025 CHBA National Awards for Housing Excellence
The Canadian Home Builders’ Association (CHBA) is pleased to announce the finalists for the 2024 CHBA National Awards for Housing Excellence, Canada’s premiere competition for new homes, home renovations, community development, and residential marketing.
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