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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 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.
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Winners 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.
Read More2025 CHBA National Awards for Housing Excellence Finalists Named
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.
Read MoreCHBA encouraged by Conservative Party Proposal on Removing GST on New Homes
Today’s announcement by the Conservative Party of Canada to remove GST on new homes with a purchase price under $1 million will make a big difference if enacted, especially for first-time buyers.
CHBA has been advocating for years with all major parties for a change to GST thresholds and is encouraged that this policy addresses what has been a major contributor to affordability challenges when buying a home.