The federal government has announced that there will be 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.

This measure is one step in helping Canadians who want to buy their first home overcome affordability challenges that are present in much of the country. For public information about the First-Time Home Buyer GST Rebate, visit the Government of Canada’s webpage here.