Real Estate features 24 July 2025

🏘️ First-Time Buyer Incentive: New GST Rebate Could Save You $50,000

If you’re a first-time buyer in Niagara considering a brand-new home, there’s a new financial incentive on the table: the Federal GST Rebate Program introduced in May 2025.

This program offers:

  • 💰 100% rebate of the 5% GST for homes priced up to $1,000,000
  • 💰 50% rebate for homes priced between $1M–$1.5M
  • 🏡 Applies to brand new homes only, never occupied
  • 📝 Must be your primary residence

The agreement of purchase and sale must be dated between May 27, 2025, and before 2031. Buyers must also qualify as first-time buyers, meaning they haven’t owned or lived in a home they (or a spouse) owned in the last 4 years.

For many in the Fort Erie and Niagara new construction markets, this could represent up to $50,000 in savings.