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.

  • merc@sh.itjust.worksOP
    1·
    1 day ago

    I don’t know if the baby boomers dying is going to be a big sudden event. If you look at the population pyramid, many boomers are already gone. The rest are going to trickle out over several decades.

      • merc@sh.itjust.worksOP
        1·
        17 hours ago

        Right, and a lot of boomers never made it to 80. If you look at that population pyramid, the deaths really start once people hit 60, which was 2 decades ago for the first people in the baby boom generation. It looks like roughly 1/3 of the oldest boomers are already gone. The youngest boomers are 60, so about 1/3 of them will die in the next 20 years or so.

        It’s not going to be a big, sudden event.