Ontario HST Rebate 2026: $130K at Closing… or Take It Later? : The Value Point Only on The CLTV.

New home construction in Ontario is in a serious downturn. >> No matter if you're first-time buyer, second or 10-time buyer, you're getting the HST deducted. >> Anyone buying a new house or condo valued at 1.5 million dollars or less could get up to $130,000 back. >> [music] >> Especially people like my age, um, it's

so hard to buy a house. >> Still got to get the down payment, all this stuff, [music] right? So, just that day-to-day living is still tough.

>> First, let me make the HST part simple. Ontario now has temporary HST relief on eligible new homes. If you qualify, the total relief can effectively cover the full 13% HST on a eligible new home valued up to a million dollars. That can be as much as $130,000. There are rules and dates attached to

this. For the temporary Ontario rebate, the deal with the builder generally needs to be signed between April 1st, 2026 and March 31st, 2027. First-time buyers also have a separate rebate with a wider window. I'm not going to turn this into a tax class. The important thing is simple. First, find out if you qualify. Then

find out how you are actually getting the rebate. Now, imagine you're sitting in a builder sales office. The salesperson says, "Yes, this home qualifies for the HST rebate." Great, but don't stop asking a question, a very important question. How am I getting the rebate? Because there are a few different ways this can play out.

The first one is probably the simplest. The builder gives you the rebate right at the closing. You qualify, you sign the paperwork, and instead of making you pay the full HST and wait it to get back, the builder gives you that credit in the deal. Who does this help? Someone who already is tight at closing.