Ottawa Considers Nationwide GST Cut on New Homes to Boost Housing Market and Affordability

The federal government is in talks with all provinces and territories to remove the GST on new home purchases for one year, aiming to stimulate sluggish housing markets.
Provinces would need to match the measure with funding or legislation.
Ottawa and Ontario have already agreed to remove the 13% sales tax on new homes up to $1 million for one year, with rebates and additional funding for municipalities that cut development charges.
Advocates support expanding these measures nationwide to improve housing affordability, but say municipal action depends on federal-provincial cooperation.
Recent data shows homeownership costs are rising in most Canadian cities, highlighting the urgency for tax relief to ease financial strain on buyers.

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