The harmonized sales tax (HST) on new homes valued under $1 million is being eliminated, making it an extraordinary time for Ontarians to buy a home.

As of April 1, 2026, the federal and provincial governments are removing the HST on homes valued at under $1 million and reducing the HST on homes valued from $1 million to $1.85 million until March 31, 2027. This will immediately reduce housing prices by up to $130,000, making it easier to qualify for mortgages, and making your homebuying dollar go further.

Home buyers should take advantage of these cost savings now and seize this once-in-a-lifetime opportunity to make their dreams of homeownership a reality.

Start your new home search using LHBA’s interactive Where We are Building map below and visit www.ohba.ca for more details.