The HST Rebate on New Homes Is Here & It's for Every Buyer!
The proposed new housing HST rebate is a government measure that would reduce or refund the HST on newly built homes, especially for first-time buyers, to make homeownership more affordable and stimulate housing supply.
We know how it feels to be sitting on the sidelines of the housing market right now. Watching the numbers, wondering if the timing will ever quite line up. We hear that a lot, and we get it.
That's why we want to make sure everyone we talk to knows about this: the Government of Ontario, in partnership with the federal government, has announced a major HST rebate on newly built homes.
So What Exactly Is the HST Rebate?
The proposed new housing HST rebate is a government measure that would reduce or refund the HST on newly built homes, especially for first-time buyers, to make homeownership more affordable and stimulate housing supply.
Here's What That Looks Like With Real Numbers
Let's use our Ashford model at Bellamy Farm in Smiths Falls as an example:
Purchase price: $424,900
Your rebate: $24,965 (full amount, since the home is under $1M)
Your effective price: $399,935
That's almost $25,000 that stays in your pocket, and because your effective purchase price is that much lower, it means a more manageable mortgage and a lower monthly payment. A difference you'll feel every single month.
The rebate applies across all of our communities, so whatever home speaks to you, the savings follow.
Do You Qualify?
The eligibility conditions are straightforward:
Your purchase agreement is signed with a builder between April 1, 2026 and March 31, 2027.
The home will be used as a primary residence or residential rental property.
Construction begins on or before December 31, 2028, and is substantially completed on or before December 31, 2031.
You're purchasing a newly built home.
This Is Your Moment...Really
Premier Ford called this announcement "the biggest news we've seen in home building in decades," (CBC News) and it's hard to argue with that. A one-year window to save up to $130,000 on a new home — available to any buyer — is genuinely unprecedented. New communities like Bellamy Farm, Merrickville Grove, Russell Ridge Estates and Burns Farm Estates are offering thoughtfully built homes at price points designed with real buyers in mind, and right now the timing lines up in a way we haven't seen before!
Owning a home isn't just a financial decision; it's a feeling. Stability. Space that's truly yours. The ability to put down roots. We've helped a lot of buyers get there, and we'd love to help you too!
Reach out today....we'd love to hear from you!
A Note on the HST Rebate
Here's a plain-language summary of where things stand, so you know exactly what you're working with:
The federal rebate for first-time buyers is already law. It received Royal Assent on March 12, 2026, meaning eligible first-time buyers can already claim up to $50,000 back on the federal (5%) portion of HST on a new home.
The broader Ontario rebate for all buyers is still being finalized. The Ontario government announced it on March 25, 2026, and the federal government has confirmed its support. However, the required changes to federal legislation have not yet received final approval. Until that happens, this rebate is not yet officially in effect.
What this means for you: Park View Homes is following this closely and will keep you updated as legislation progresses. Any pricing that references the full HST rebate is based on the program being enacted as announced. If the legislation passes with different terms, or if you don't meet the eligibility criteria, the rebate may not apply, and you would be responsible for the full purchase price.
The $5,000 down promotion is a separate Park View Homes offer and is not connected to the government rebate programs. See our team for full terms and conditions.
This information is current as of April 21, 2026, and is subject to change. It's provided for general information only and isn't tax or legal advice. We'd always recommend discussing with your own advisor before making any decisions.
The HST rebate measures described above apply to homes in Ontario only. Rules in other provinces may differ.
