May 28, 2025

First-Time Home Buyers: Big Savings Are Here with the New GST Rebate!

If you’ve been dreaming of owning your first home, now is the perfect time to take the leap — and here’s why.

For the first time ever, first-time home buyers (FTHB) are eligible for a GST rebate on new homes. This exciting change can significantly reduce your upfront costs and make stepping into the real estate market more attainable than ever before.

But that’s not all…

Only 5% Down on Most New Homes

In addition to the GST rebate, many new homes now qualify for a reduced deposit structure of just 5%. That means you don’t need to come up with a massive down payment to get started. With a lower financial barrier and new incentives in place, homeownership is no longer a distant dream — it’s a real and achievable goal.

What Does This Mean for You?

If you’re a first-time buyer, these two updates — the GST rebate and the lower deposit — could add up to thousands of dollars in savings. Whether you’re looking to move out of your rental, invest in your future, or simply stop paying someone else’s mortgage, this is your chance to take control.

Let’s Talk About Your Options

Every buyer’s situation is unique, which is why it’s important to speak with someone who can walk you through the numbers, explain your eligibility, and help you understand your best path forward.

📞 Ready to find out how much you could save? Reach out today for a no-pressure conversation. You might be closer to owning your first home than you think!

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