Nehal Thakar - Paruhomes

BIG NEWS for Ontario real estate 🚨

Development charges could be cut by up to 50%—and combined with HST changes, that’s up to $200K in potential savings per home.

But here’s the truth most people won’t tell you…
This doesn’t instantly lower home prices.

It helps builders build more—and over time, THAT is what can stabilize the market.

This is a long-term supply play, not a short-term price drop.

If you’re buying, investing, or just watching the market… this matters more than you think.



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Major update to new home rebates in Ontario.

In addition to the federal GST rebate, Ontario has announced a proposal to expand HST rebates — potentially allowing buyers to save up to $130,000 on new construction homes.

Here’s what’s being proposed:

• Homes under $1M → full 13% HST rebate (up to $130K)
• Homes up to $1.5M → maximum rebate maintained
• Homes up to $1.85M → reduced rebate available

This builds on the federal rebate and reflects a joint effort to lower the cost of new homes and increase housing supply.

The expanded rebate is expected to apply to qualifying purchases between April 1, 2026 and March 31, 2027, and may apply to both primary residences and certain rental properties.

If you're considering buying a new build, this could significantly reduce your upfront costs.

Send me a message if you want to explore homes that may qualify.

—

Disclaimer: This post is for informational purposes only and is based on current announcements and proposals. Program details, eligibility, timelines, and rebate amounts are subject to change and government approval. Buyers should confirm details with their lawyer, accountant, or the Canada Revenue Agency before making any decisions.

Major update to new home rebates in Ontario.

In addition to the federal GST rebate, Ontario has announced a proposal to expand HST rebates — potentially allowing buyers to save up to $130,000 on new construction homes.

Here’s what’s being proposed:

• Homes under $1M → full 13% HST rebate (up to $130K)
• Homes up to $1.5M → maximum rebate maintained
• Homes up to $1.85M → reduced rebate available

This builds on the federal rebate and reflects a joint effort to lower the cost of new homes and increase housing supply.

The expanded rebate is expected to apply to qualifying purchases between April 1, 2026 and March 31, 2027, and may apply to both primary residences and certain rental properties.

If you’re considering buying a new build, this could significantly reduce your upfront costs.

Send me a message if you want to explore homes that may qualify.

—

Disclaimer: This post is for informational purposes only and is based on current announcements and proposals. Program details, eligibility, timelines, and rebate amounts are subject to change and government approval. Buyers should confirm details with their lawyer, accountant, or the Canada Revenue Agency before making any decisions.

The mission continues. 2026, let’s go

Ontario’s Bill 60 has officially passed and received Royal Assent — but not all changes are in force yet.
Once the government announces the proclamation date, Ontario landlords will see major updates in eviction timelines, N12 rules, LTB forms, and even a new definition for persistent late payment.
The system is changing… but will it really speed up the LTB? 🤔
Save this post and stay tuned — I’ll keep breaking it down in simple language!