Ottawa’s GST rebate on new homes would save typical 1st-time buyer $27K: PBO
Jun 11, 2025 | 7:46 AM
OTTAWA — The parliamentary budget officer says Ottawa’s plan to slash the sales tax on housing would save an eligible first-time homebuyer an average of roughly $27,000 off the price of a newly built home.
The federal government’s fiscal watchdog predicts in a new analysis that a little over 71,000 new builds will quality for GST relief over the lifetime of the program.
The proposal would see the federal portion of the sales tax eliminated on a new home worth up to $1 million if it’s bought by a qualifying first-time homebuyer.
The GST rebate would be phased down as the price of the home approaches $1.5 million.
