Ontario Lowering Costs for First-Time Home Buyers

October 28, 2025

As part of our plan to protect Ontario, our government is continuing to make life more affordable at a time of global economic uncertainty.

Through the 2025 Fall Economic Statement, we are proposing to rebate the full 8 per cent provincial portion of the HST for first-time home buyers on new homes valued up to $1 million.

This measure will save first-time homebuyers up to $80,000 while helping lower costs and spur the construction of more homes to keep workers on the job.

When combined with the federal government’s proposed removal of its 5 per cent portion of the HST, the total savings for first-time homebuyers would equal up to $130,000.

Through our HST rebate, we are leading by example – saving families money on one of the biggest financial transactions of their lives.

Today’s investment builds on our work calling on the federal government to introduce further measures to address housing affordability in the province, and we will continue to put more money back into the hardworking pockets of Ontario taxpayers.

Ontario families deserve more money back in their pockets and we are continuing to build on our track record of doing just that.