Ontario’s new HST tax break makes buying your first home in Vaughan tax-free up to $1M and still offers a partial rebate up to $1.5M
Ontario’s new plan wipes out the provincial portion of the 13 per cent HST for first-time buyers on new homes up to $1 million. If your dream place tops $1 million but stays below $1.5 million, you still get a partial rebate that gradually tapers off, and any purchase at or above $1.5 million doesn’t qualify.
In Vaughan, the average home price sits at about $1,217,432 as of November 17—down 6 per cent year-over-year and squarely in that rebate range. With 1,446 active listings (33 per cent more than last year), there’s no shortage of styles, neighbourhoods, or price points to explore.
If you’ve been holding off on your first purchase, this is the moment to dive in. Between the HST rebate and a buyer’s market bursting with new options, you could snag a brand-new home for far less than you might’ve imagined.
