Savings of up to $80,000 for those in a position to buy a new home priced under $1 million

By Pepper Parr

October29th, 2025

BURLINGTON, ON

There are savings coming for those who want to and are able to buy a home that is priced at less than $1million

Can you get a house for $1 million? Not likely in the GTA market. A two bedroom condo is possible.

Ontario is expected to move forward with waiving its portion of the Harmonized Sales Tax (HST) on new homes priced at $1 million or less purchased by first-time buyers, a measure expected to cost the province roughly $470 million and save purchasers up to $80,000 on a new build.

The initiative mirrors a similar federal proposal and will only take effect once the federal government formally implements its own HST waiver.

The federal one still hasn’t become law yet, though when it does it will be retroactive as of May. If the province is truly matching, they would use the same criteria.

The details are always in the fine print.  Everyone is going to want a piece of this business – make sure you are fully informed – ask questions