Apr 2, 2026
First Time Homebuyer (FTHB) GST Savings on New Homes
An exceptional opportunity has arrived for First Time Homebuyers (FTHB) in BC, one that enhances both value and accessibility in today's market.
The federal government has introduced a new GST rebate program on newly built homes, offering meaningful savings for those entering the market.
Program highlights:
- Homes up to $1M: Eligible for a full 5% GST rebate up to $50,000
- Homes between $1M - $1.5M: Partial rebate available
| Purchase Price | GST (5%) | Estimated Rebate | GST After Rebate |
|---|---|---|---|
| $900,000 | $45,000 | $45,000 | $0 |
| $1,000,000 | $50,000 | $50,000 | $0 |
| $1,100,000 | $55,000 | $40,000 | $15,000 |
| $1,200,000 | $60,000 | $30,000 | $30,000 |
| $1,300,000 | $65,000 | $20,000 | $45,000 |
| $1,400,000 | $70,000 | $10,000 | $60,000 |
| $1,500,000 | $75,000 | $0 | $75,000 |
*Refer to government website for latest details.