TRREB: HST Elimination for all Buyers of New Housing is a Major Step Forward

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentTORONTO, March 25, 2026 (GLOBE NEWSWIRE) — The Toronto Regional Real Estate Board (TRREB) welcomes today’s announcement from the Government of Ontario and Federal Government to extend the elimination of the 13 per cent HST from first-time buyers to now include all buyers of new homes valued up to $1.5 million. The rebate will be capped at $130,000 and reduced further for homes valued above $1.5 million starting April 1, 2026 until March 31, 2027.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentToday’s announcement represents an important step toward addressing housing affordability challenges. TRREB strongly supports the decision to extend the elimination of the HST. Removing this tax burden will help lower the cost of new housing, improve the feasibility of bringing new projects to market, and support greater housing supply across Ontario, especially supply of missing middle housing, including multiplexes and mid-rise development units.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentHousing affordability remains one of the defining economic and social challenges facing Ontario. Across the Greater Toronto Area (GTA) and Simcoe County, young families, first-time buyers, and middle-income earners are finding it increasingly difficult to achieve the dream of home ownership. At the same time, broader economic uncertainty and borrowing costs have added pressure to an already strained housing market. One of the key drivers of housing affordability is the rising cost of building new homes. Over the past decade, development-related costs, including taxes, fees, and charge imposed throughout the development process, have increased significantly. These costs ultimately get passed on to homebuyers and renters, contributing to higher housing prices and reducing much-needed supply.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentTRREB has consistently advocated for this type of reform. Through leadership of a TRREB-led Housing Advancement Coalition, we joined local, provincial and federal builders, innovators, trade and labour associations, rental providers, not-for-profit organizations and other industry partners in calling on governments to expand the HST rebate on new homes to all buyers.Article contentArticle contentTRREB looks forward to continuing to work with Premier Ford, Minister Bethlenfalvy, Minister Flack and the Federal Government to ensure that policies translate into more homes being built, greater affordability for consumers, and a stronger housing market that supports communities across Ontario.Article contentJohn DiMicheleChief Executive OfficerToronto Regional Real Estate BoardArticle contentMedia Inquiries: Article contentFor all media inquiries, please email media@trreb.ca. Article contentAbout TRREB:The Toronto Regional Real Estate Board is Canada’s largest real estate board, with almost 70,000 residential and commercial professionals connecting people, property, and communities. 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You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Posthaste: Many Canadians could be committing insurance fraud — and don't even know it News Smith calls for new southbound pipelines, says U.S. could call 'first dibs' on Canadian oil exports Oil & Gas Why market bets for interest rate hikes in Canada are so high Economy Posthaste: Canada's troubled housing market just got hit with another headwind News Oil and gas supply chain is about to snap, warns energy economist Peter Tertzakian Oil & Gas