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.

  • DtulesEnglish
    11·
    1 day ago

    lol Were you just looking for a comment so you could flex about your property deals?

    Personally, I’m a millennial and I’m okay – we recently sold our starter home and we got way more than we were expecting for it. But it didn’t make me feel “smart” it made me feel gross that the market seems so rigged.

    I’m not talking about individuals, I’m talking about trends. The priority for housing should first and foremost be to house people.

    • Kecessa@sh.itjust.works
      21·
      1 day ago

      No, I’m just saying that people might be complaining but millennials in general are way better off than those who came after them. If you look at wealth stats the average makes that plenty clear and I just gave my experience as a counter example to everyone that’s complaining. Average background, still made it out comfortably.