Lowering the Cost of New Construction
New rebate programs from both the Federal and Ontario governments are helping reduce the cost of new homes, making it easier than ever to buy new.
The Federal GST Rebate for First-Time Homebuyers is now in effect, offering up to $50,000 in savings on eligible new homes.
In addition, the Ontario Government has announced plans to expand HST rebates in partnership with the Federal Government, broadening potential savings beyond just first-time buyers.
Combined, these programs could deliver total savings of up to $130,000 on a new home.
Together, these initiatives are designed to make new construction more attainable and put meaningful savings back in buyers’ pockets.
What this means for you:
Depending on your eligibility and the final program details, you could benefit from significant tax savings on your new CaraCo home.
Want to know how much you could save?
Contact our sales team and we’ll walk you through current rebates, upcoming programs, and your total potential savings.
Disclaimer
Rebate programs are subject to government approval, eligibility requirements, and program criteria. Any potential savings are dependent on purchaser qualification and rebate assignability at closing. Programs, pricing, and incentives are subject to change without notice.