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National Post
30 Jul 2024

Housing affordability is a major concern for residents in the Greater Toronto Area (GTA), with over 90 per cent of people agreeing there is a housing affordability issue in the GTA, according to a public opinion survey conducted by Ipsos (on behalf of BILD). In the midst of these affordability issues, one of the established methods to provide some relief for new home buyers is the federal GST/HST New Housing Rebate – but it has become painfully clear that this program is out-of-date. If the federal government is serious about tackling the housing affordability crisis, then updating the rebate program is an easy way to have a material impact on affordability for new home buyers.