May 28, 2025

Canada’s GST Exemption for New Homes (2025): What First-Time Buyers Need to Know A New Era for Homebuyer Affordability In response to soaring real estate prices, the Canadian government has introduced a relief measure: a full GST exemption for first-time homebuyers on new or substantially renovated homes—up to a base price of $1 million. Homes valued between $1 million and $1.5 million qualify...