OTTAWA — The federal government’s plan to eliminate the GST on first-time homebuyers’ purchases of most new homes may actually lead to higher prices, a new report says.&nbsp;

Ottawa’s plan to cut the GST on first-time homebuyers’ purchases of most new homes may actually lead to higher prices, a new report says. {ai:summary}A federal report suggests that the Canadian government's initiative to remove the GST for first-time homebuyers on most new homes could inadvertently result in increased housing prices. The implications of this policy raise concerns about its effectiveness in making homes more affordable. #economy

GST cut for new homebuyers could mean price hikes, bank warns

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