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Local homebuilders welcome plan to remove HST on new homes under $1 million for one year
The provincial and federal governments will remove the harmonized sales tax (HST) on new homes under $1 million and reduce it on homes priced between $1 million and $1.85 million for one year. This measure aims to lower upfront homeownership costs, boost housing market momentum, increase housing starts, and support construction jobs. It takes effect April 1, 2026, and expires March 31, 2027.