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For a one-year period, the province is proposing that the offer be extended to all buyers in the province.

According to the Ford government, homes valued at up to $1.5 million would be eligible for a maximum of $130,000 in relief.

A reduced rebate would be available for new homes valued between $1.5 million and $1.8 million and new homes above $1.85 million would qualify for $24,000 in HST relief under the pre-existing rebate.

The province will cover eight per cent, the provincial portion of the HST, while Ottawa will cover the federal portion of five per cent. The temporary expansion of the program is subject to the “passage of federal legislation,” the province noted.

The proposed new rules would be in effect from April 1, 2026 to March 31, 2027 and all new homes must be used as a primary residence or as a residential rental property.

Homeowners would be eligible if the purchase agreement with the builder was signed between April 1, 2026 and March 31, 2027, construction of the home begins on or before Dec. 31, 2028, and construction is substantially completed on or before December 31, 2031.

A purchase would also be eligible if construction began before March 31, 2026, the purchase agreement with the builder was signed between April 1, 2026 and March 31, 2027, and construction is substantially completed on or before December 31, 2029.

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