Ontario Weighs HST Break on New Homes

Ontario may waive the 8% provincial HST on all newly built homes.
Earlier plan offered relief only to first-time buyers, funding $470M over 3 yr.
An industry leader called it a win for buyers, investors, builders.
Move followed federal commitment: first-time buyers save up to $130K under $1M.
Advocacy groups want Ontario eligibility aligned, excluding investor or non-owner-occupied homes.
Industry group also pushed land transfer rebate: $4K since 2017; wants $8K.