Pre-construction
Share your preferred city, budget, down payment, property type, closing horizon and mortgage position. Mehul will use your criteria to identify relevant opportunities and explain the trade-offs.
Purchase price
Eligible homes valued at up to $1 million may receive the full rebate, to a maximum of $50,000. The rebate is gradually reduced from $1 million to $1.5 million and is unavailable at $1.5 million or more.
Timing
For a home purchased from a builder, the agreement must generally be signed on or after March 20, 2025 and before 2031. Construction must begin before 2031 and the home must be substantially completed before 2036.
Buyer eligibility
At least one qualifying purchaser must generally be 18 or older, a Canadian citizen or permanent resident, meet the first-time-buyer ownership test, use the property as a primary residence and be the first individual to occupy it after completion.
How it is received
An eligible builder may credit the rebate at closing. If it is not credited, the buyer may apply directly to the CRA, generally within two years of taking ownership. Confirm the paperwork and tax treatment before relying on the rebate in your budget.
Ontario buyers may have additional relief
Ontario’s temporary enhanced new housing rebate may provide provincial HST relief for certain qualifying primary residences under separate price, agreement-date and eligibility rules. The Ontario new home affordability payment may also apply, but it is reduced by federal new-housing rebates received.
Program rules can depend on the agreement, construction dates, occupancy, price and who claims the rebate. Confirm eligibility with the builder, lawyer and qualified tax professional. Updated September 2026.
From plans to completion
Compare construction stage, ownership type, deposit structure and expected closing—not only the rendering.
Construction stage
Account for milestones, possible delays, interim occupancy, financing and the remaining capital commitment.
Condominiums
Review layout, exposure, floor, amenities, maintenance expectations and the competing future supply.
Townhomes & freehold
Compare lot, parking, fees, construction specifications and the needs of the likely end-user or tenant.
Why buyers consider it
A later closing can create time to build savings and prepare for the move.
Some projects spread deposits across construction milestones instead of one date.
Earlier purchasers may have more selection in layouts, exposure, parking and finishes.
Eligible Ontario new homes may have statutory warranty protection; coverage and deadlines must be understood.
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