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.

  • SamuelRJankis@sh.itjust.worksEnglish
    36·
    1 day ago

    On many other parts of the internet you’ll see a lot of people saying Carney copied Pierre’s policy.

    1. As shown below Carney’s exemption is specific to first time home buyers where Pierre’s is not. Also doesn’t have whatever that rental thing is supposed to be.

    2. Liberals most tangible housing policies in the past 9 years has been providing more purchasing power to “first time home buyers”. I think this would be there 4-5th thing to do so, in which case not exactly a significant departure what they’ve done in this area.

    Sept 2023

    https://www.conservative.ca/building-homes-not-bureaucracy/

    Remove GST on the building of any new homes with rental prices below market value. This will be funded using dollars from the failed Liberal Housing Accelerator fund. Within a year and a half of this law passing, list 15 percent of the federal government’s 37,000 buildings and all appropriate federal land to be turned into homes people can afford.

    Oct 2024

    https://www.cbc.ca/news/politics/poilievre-gst-new-homes-cut-1.7365339

    Conservative Leader Pierre Poilievre is pledging to eliminate the GST on new homes sold for under $1 million if his party wins the next federal election.

    • wise_pancake
      24·
      23 hours ago

      I don’t even care if he had copied Pollivres policy, governing is about doing what’s right for Canada before all else, including your own pride.

      I want leadership who implement good ideas from all sides of aisle.

      If Pollievre is more worried about pride than happy that Canadians are benefitting he has the wrong mentality.