01/19/2026
🏠 HUGE News for First-Time Home Buyers in Ontario!
If you’ve been sitting on the sidelines waiting for new homes to become affordable, this is the update you need.
The federal government’s Bill C-4 (The Affordability Act) is in its final stages!
Once passed (expected mid-February 2026), it will effectively ELIMINATE the GST on new homes for first-time buyers on properties up to $1 million.
Even better? Ontario is matching it! 🇨🇦省
The Bottom Line:
💰 On an $800k new build, you could save over $100,000 in combined federal and provincial taxes.
📅 Status: The bill passed the House and is just waiting for the Senate to return on Feb 3rd for the final stamp of approval.
⚖️ Retroactive: tjid id important: It’s expected to cover any purchase agreements signed after May 2025!
Daniela Calabretta
Lic 12707
M 10001533