HST Housing Rebate

The purchase price of resale homes are exempt from HST, however, the purchase price of newly constructed homes are subject to HST.

New home buyers can apply for a 36% rebate of the GST (federal portion of HST) on the purchase price to a maximum of $6,300 for homes costing $350,000 or less. For new homes priced between $350,000 and $450,000, the GST rebate would be reduced proportionately. New homes priced $450,000 or higher would NOT receive a rebate.

Also, new home buyers can apply for a 75% rebate of the PST (provincial part of HST) on the purchase price to a maximum rebate of $24,000.