Ontario Launches Full C$80,000 HST Rebate for First-Time Homebuyers on Homes Up to $1 Million

Ontario has introduced a full C$80,000 HST rebate for first-time homebuyers purchasing newly built homes up to $1 million. This initiative aims to improve affordability by reducing upfront costs, helping buyers allocate funds toward down payments and mortgage stability. The rebate supports long-term homeownership and complements other federal and provincial programs, encouraging greater participation in Ontario's housing market.