Save Up to $130,000 on
New Homes in Ontario
The Ontario government has introduced a new HST rebate on new residential properties. Here is everything Mississauga buyers and investors need to know.
How Much Can You Save?
The rebate amount depends on the purchase price of the new home
Up to $1,000,000
Up to $130,000
Effective HST: ~0% HST
$1M – $1.5M
Flat $130,000
Effective HST: Reduced
$1.5M – $1.85M
Declining to $24,000
Effective HST: Partially reduced
Over $1.85M
$24,000 (federal only)
Effective HST: Standard HST
On a $750,000 new build in Mississauga, you could save approximately $97,500 in HST — money that stays in your pocket or goes toward a larger down payment.
Who Qualifies?
This rebate is not limited to first-time buyers — investors qualify too
Primary Residence Buyers
Buying a new home to live in? You qualify for the full rebate based on purchase price.
Real Estate Investors
Buying a new build as a rental investment? You qualify under the NRRP (New Residential Rental Property) rebate program.
Not Just First-Time Buyers
Unlike some programs, this rebate applies whether it is your first property or your tenth. No first-time buyer requirement.
Builders and Developers
Purpose-built rental developers also qualify, making new rental construction more financially viable.
Key Dates and Requirements
Agreement of Purchase and Sale (APS)
Must be signed between April 1, 2026 and March 31, 2027.
New Construction Only
Applies to newly built homes not previously occupied. Resale properties do not qualify.
Closing Date Flexibility
The APS signing date determines eligibility. Closing can occur after March 31, 2027 — common for pre-construction purchases with 2-4 year timelines.
All New Build Types Qualify
Detached homes, townhouses, semi-detached, pre-construction condos, and stacked townhomes all qualify as long as they are new builds.
The Investor Angle
This rebate fundamentally changes the math on pre-construction investing
💰
Lower Entry Cost
On a $900K pre-con condo, you save up to $117,000 in HST. That is equivalent to a 13% discount on the purchase price.
📊
Better Cash Flow
Lower effective purchase price means lower mortgage payments. Properties that were cash-flow negative may now break even or turn positive.
⏳
Time-Limited Opportunity
The window runs only 12 months (April 2026 – March 2027). Pre-construction projects launching during this period offer the best value in years.
Example: $850K Pre-Con Townhouse in Mississauga
Without Rebate
With Rebate
Ready to Take Advantage of the HST Rebate?
Get personalized pre-construction recommendations with full investment analysis. Hamza will walk you through the rebate, the best current projects, and the numbers.
Hamza Nouman, REALTOR® · Cityscape Real Estate Ltd., Brokerage · Licensed by RECO