GST Rebate for First-Time Home Buyers in Canada: Up to $50,000 in Savings Announced
The Government of Canada has introduced a new GST rebate program that could make homeownership more affordable for first-time buyers—especially those purchasing presale homes in North Vancouver, West Vancouver, and across Canada. This rebate could save eligible buyers up to $50,000 on a newly built home.
As of May 27, 2025, a new First-Time Home Buyers’ GST Rebate (FTHB GST Rebate) is in effect to reduce the cost of buying a newly constructed home or unit. This is a major win for first-time home buyers looking to enter the market.
Quick Summary for First-Time Buyers in Canada including North & West Vancouver
- Full GST rebate on new homes up to $1 million
- Partial rebate on new homes between $1 million and $1.5 million
- Applies to new homes bought from a builder, owner-built homes, and co-op housing
- Available for agreements signed from May 27, 2025 until 2031
- Designed exclusively for first-time home buyers
- Could save Canadians $3.9 billion over five years
Here’s a quick breakdown of what you can save:
| Home Price | Rebate Amount | Maximum GST Savings |
|---|---|---|
| Up to $1,000,000 | 100% rebate | Up to $50,000 |
| $1M–$1.5M | Partial rebate (phased) | Up to $25,000 |
| $1.5M+ | No rebate | $0 |
Your Questions Answered: First-Time Home Buyers’ GST Rebate
Who qualifies for the FTHB GST Rebate?
You’re eligible if you:
- Are 18 years or older
- Are a Canadian citizen or permanent resident
- Haven’t owned or lived in a home you (or your spouse/common-law partner) owned in the current year or previous four years
What types of home purchases qualify?
You may qualify if you:
- Buy a new home from a builder
- Build a home on land you own or lease
- Purchase a share in a co-operative housing corporation (co-op)
In all cases, the home must be used as your primary residence, and you must be the first person to occupy it.
What are the important dates?
- The agreement of purchase and sale must be signed on or after May 27, 2025, and before 2031
- Construction must begin before 2031 and be substantially complete before 2036
Can I combine this with the existing GST/HST New Housing Rebate?
Yes. If you qualify for both programs, the rebates can work together to reduce your upfront costs.
Can I claim this rebate more than once?
No. You cannot claim this rebate more than once, and you are not eligible if:
- You or your spouse/common-law partner has already claimed it
- Your purchase agreement was signed before May 27, 2025
- You cancel and re-sign an agreement just to qualify under the new rules
What if I already bought — does my presale purchase qualify?
If your agreement of purchase and sale was signed before May 27, 2025, your presale does not qualify, even if the home has not yet been built or delivered. The eligibility is based strictly on the date of the signed agreement.
Additionally, if you attempt to cancel and re-sign the agreement to meet the deadline, the rebate will be disallowed.
Does this apply to presale homes in North or West Vancouver?
Yes — if you're purchasing a presale condo or townhome in North Vancouver or West Vancouver and the agreement is signed on or after May 27, 2025, you may be eligible. The home must be newly constructed, used as your primary residence, and you must be the first occupant.
Interested in learning how to find new and presale homes that qualify? Learn more here.
Where Can I learn more about the GST New Housing Rebate?
Visit the Government of Canada website here >>
What This Means for You
Whether you're buying a presale condo in North Vancouver, a townhome in West Vancouver, or building your own custom home, the new FTHB GST Rebate could significantly reduce your upfront costs—especially for new homes priced under $1 million. With the market remaining competitive, this program gives first-time buyers a meaningful financial edge.
Need Help Navigating Your First Home Purchase?
We’re here to help you every step of the way—from understanding rebate eligibility to finding the right presale opportunities in North or West Vancouver and surrounding areas. Reach out to our team today at 604-983-2518 or by the form below.