The New HST Rebate Is Here!
Learn how the new HST rebate can help eligible homebuyers save thousands on a new home in Ontario and make homeownership more affordable.
The new HST rebate has officially passed, making new construction homes more affordable for eligible buyers.
So What Exactly Is the HST Rebate?
The new housing HST rebate is a government measure that reduces or refunds the HST on new build homes.
How Much Could You Save?
Let's use our Ashford model at Bellamy Farm in Smiths Falls as an example:
Purchase price: $419,900
Your rebate: $27,549 (full amount, since the home is under $1M)
Your effective price: $392,351
That's over $27,000 in savings. 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.
How Does It Work?
Park View Homes is pricing eligible homes with the rebate already factored in.
If you're eligible, you'll receive the benefit of the rebate through your purchase. If eligibility cannot be confirmed at closing, you may still be able to apply directly through the CRA after closing, subject to their requirements.
Why It Matters
A lower purchase price can mean a smaller mortgage, lower monthly payments, and less money needed upfront.
For many buyers, it could be the difference between waiting another year and moving into a new home now.
Have questions about the rebate or how it applies to your situation?
Contact our team at sales@park-view-homes.ca and we'd be happy to help.
