GST Archives - Mortgage Rates & Mortgage Broker News in Canada

Houses for sale in a new subdivision in Airdrie, Alta.

Ottawa’s GST rebate on new homes would save typical first-time buyer $27K: PBO

June 11, 2025 No Comments

An eligible first-time homebuyer could save an average of $26,832 in sales tax on the price of a newly built home under Ottawa’s latest housing proposal, the parliamentary budget officer said in a new report on Wednesday.

Ottawa's plan to waive the sales tax on new builds

GST relief on new homes could save 1st-time buyers up to $240 on mortgages: report

June 9, 2025 2 Comments

The Liberal plan to give first-time homebuyers a tax break on a newly built home could have substantial impacts on housing affordability — with a few caveats — a new analysis finds.

Carney pledges to cut GST for first-time buyers of homes under $1M

March 20, 2025 7 Comments

Prime Minister says move will save Canadians up to $50,000 and boost housing supply amid affordability crisis

Liberal leadership hopeful Mark Carney pledges temporary cap on immigration

February 24, 2025 No Comments

Liberal leadership hopeful Mark Carney says he would cap immigration until it returns to sustainable, pre-pandemic trendlines.

Poilievre asks provinces to scrap sales taxes on new homes

Poilievre asks premiers to axe their sales taxes on new homes worth under $1 million

November 4, 2024 No Comments

Conservative Leader Pierre Poilievre has written to the provinces’ premiers, asking them to eliminate their sales taxes on new homes that are under $1 million.

Poilievre promises to abolish federal sales tax on new homes under $1 million

October 28, 2024 No Comments

A Conservative government would scrap the federal sales tax on new homes sold for less than $1 million and push provinces to do the same, Pierre Poilievre said Monday.

Latest in mortgage news: Mortgage rates keep surging higher

September 28, 2023 No Comments

Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise.

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