First-Time Buyers Could Save Up to $50,000 on a New Home
Genesis Builders is helping eligible first-time home buyers understand the federal GST rebate — and how to apply those savings at the point of sale on qualifying purchases.
A Smarter Path to Your First Home
Buying your first home is a big step, and affordability matters more than ever. That’s why this new GST rebate is worth paying attention to.
Eligible first-time home buyers may recover up to 100% of the GST paid on a newly built home valued up to $1 million, up to a maximum of $50,000. For homes valued between $1 million and $1.5 million, the rebate is reduced on a sliding scale. Homes at or above $1.5 million do not qualify.
Genesis Builders is helping buyers understand this opportunity clearly during the purchase process, so you can move forward with a better understanding of your potential savings and overall real budget, your options, and your next steps.
Understand the Rebate.
Then Explore the Homes That May Fit.
If you’re buying your first home, this is a great time to explore what may be more financially possible.
The federal first-time home buyers’ GST/HST rebate applies to eligible buyers purchasing or building a newly built or substantially renovated home intended to be their primary place of residence.
At Genesis Builders, our team can help you:
- Understand whether the rebate may apply to your situation
- Estimate potential savings based on your purchase price
- Explore available homes and communities that align with your budget
- Visit show homes and speak with a sales advisor about your next steps
Generally, buyers must:
- Be 18 or older
- Be a Canadian citizen or permanent resident
- Not have lived in a home they or their spouse/common-law partner owned in the current calendar year or previous four calendar years.
Whether you’re early in your research or are ready to move quickly, this is a meaningful opportunity to better understand what homeownership could look like for you.
Calculate Your Estimated GST Rebate Savings
Actual rebate amounts depend on eligibility and qualifying purchase conditions.
Why Buyers Are Paying Attention Right Now
This rebate is already drawing interest because it can significantly reduce the upfront tax burden on an eligible new home purchase.
And while the federal program is now open for applications, Genesis Builders is helping qualifying buyers understand the savings early in the process and, on qualifying purchases, applying that benefit at the point of sale rather than leaving buyers to sort it out later. That means clearer numbers, fewer surprises, and a better understanding of what you can afford.
Take the first step toward Homeownership
If you’re a first-time home buyer, the GST rebate could make a meaningful difference in what you can afford.
Download the guide, explore your options, and connect with a Genesis Builders advisor to learn how this opportunity may apply to your purchase. Our team is here to help you understand your options and find the home that fits your future.