Mortgage Blog
Quality advice, quality service and the best mortgage rates
New Federal GST Rebate for First-Time Home Buyers!
July 9, 2025 | Posted by: Angela Robinson
✅ What’s new?
As of May 27, 2025, first-time home buyers may be eligible for a full 5% GST rebate on newly constructed homes priced up to $1 million. Homes priced between $1M–$1.5M qualify for a partial rebate, with no rebate on homes over $1.5M.
???? Who qualifies? To be eligible, you must:
• Be a Canadian citizen or permanent resident, age 18+
• Be a first-time home buyer (no homeownership in the last 4 years, including your spouse/partner)
• Plan to live in the home as your primary residence
• Buy from a builder, build on your own land, or purchase co-op shares
????️ Timing matters:
• Agreements must be signed between May 27, 2025 – Dec 31, 2030
• Construction must be substantially completed and ownership transferred before Jan 1, 2036
???? Assignment sales and pre-existing agreements are excluded.
This new rebate mirrors parts of the existing GST/HST New Housing Rebate — but it’s exclusive to first-time buyers and available only once in your lifetime.
???? If you’re planning to buy or build in the next few years, this could be a game-changer. Let’s talk about how this rebate fits into your mortgage strategy and overall budget.
???? We’re here to help make your first home more affordable, get in touch with us today!
#AlbertaMortgageProfessionals #FirstTimeHomeBuyer #GSTRebate #HomeBuyingHelp #YEGRealEstate #MortgageSupport #NewHomesCanada #CanadianHomebuyers
