GST Rebate for 1st Time Home Buyers

We have had lots of questions about this proram.

The legislation has been tabled, but is not done yet. As of today, and it is for contracts written May 27, 2025 or later.

https://www.canada.ca/en/department-finance/news/2025/05/gst-relief-for-first-time-home-buyers-on-new-homes-valued-up-to-15-million.html

Updates as they come in.

We have a 4-plex buyer who is purchasing a newly constructed 4-plex in Calgary at $1,250,000. His rebate is about 60k – now that is now pretty substantial!

Mortgage Mark Herman, 1st time buyer and move up mortgage specialist in Calgary Alberta.