RESCON applauds passage of long-awaited federal legislation eliminating GST on new homes for first-time buyers

RESCON applauds passage of long-awaited federal legislation eliminating GST on new homes for first-time buyers

Vaughan, Ont., March 12, 2026 (GLOBE NEWSWIRE) -- The Residential Construction Council of Ontario (RESCON) is

Federal GST Relief for First-Time Buyers Comes into Force with Bill C-4

The federal government’s First-Time Home Buyers’ GST rebate has now come into force following Royal Assent of Bill C-4, enacting a tax measure aimed at easing the cost of purchasing newly built homes. The legislation eliminates the Goods and Services Tax on new homes priced up to $1M for eligible first-time buyers and reduces the tax on homes priced between $1M and $1.5M. The measure is intended to help more Canadians enter the housing market an…