In Edmonton, Prime Minister Mark Carney announces that his government will eliminate the GST on all new homes under $1 million for first-time homebuyers. The prime minister also highlights another announcement he made earlier the day, committing $187 million to help Jasper rebuild after the 2024 wildfires. Responding to questions from reporters, Carney comments on his meeting earlier in the day with Alberta Danielle Smith and is asked about his commitment to building new pipelines to get energy to new markets. The prime minister is also a faces questions on the impact of U.S. tariffs on Alberta’s energy sector. (March 20, 2025)

First time home buyers will not be charged GST (5%) when buying a home, as long as the place they’re buying costs less than $1M. This means that people buying a home for the first time will save up to $50k on their purchase.

Edit: Note, GST is mostly only charged when buying newly built homes, so this won’t have any effect for people buying used homes.

  • ninthantEnglish
    31·
    13 hours ago

    Let’s imagine a world where an unapologetic socialist NDP leader stood up and said: “the market has failed to deliver homes at a price the median Canadian family can affords. So our govt will build homes across the country, employing Canadians and using Canadian products. These will not be luxury condos for the rich, but they will be functional and good, and will be made the wood and materials we used to send to America at a discount. And we will close the gap in 5 years, and deliver public monthly status reports on what we have accomplished.”

    After the election, assuming Singh steps down, can we all agree to get someone who says something like that? Pretty please? Because I already got my wish with a perfect candidate to match my way of thinking, and I want you to be waiting in the wings if our way fails yet again.

    • sbv@sh.itjust.worksEnglish
      4·
      12 hours ago

      So our govt will build homes across the country, employing Canadians and using Canadian products.

      That’s exactly what I want. And I also want tax changes that stop homes from being a investment vehicles. That’s part of what has run prices up, in addition to the stuff we both listed above.