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
    8·
    23 hours ago

    Yeah, Boomers getting special protections is kind of annoying.

    A generation of millenials were told to go to post secondary no matter the cost and then when we did and incurred a ton of debt but the good jobs that were promised to us weren’t there, the reaction was “oops, oh well, get fucked I guess”.

    Maybe if we stopped funneling a billion dollars into “managing” our CPP plan into poorer performance and used that money to increase CPP payouts instead, boomers could afford more of a hit on their housing.

    I do wonder if another large contributing factor is that most of our MPs have conflicts of interest when it comes to the real estate market.

    • Kecessa@sh.itjust.works
      11·
      11 hours ago

      Not to burst your bubble buddy but it’s not just boomers who reaped the benefits, the X and Y generations did as well. Many millennials are over 40 with a career, a house, a family, all the typical stuff boomers are known for. I’m under 40 and already sold a condo for profit and we sold a cottage for profit which allowed us to buy a bungalow that we can afford on a single income and that will be paid in by the time we turn 50.

      • Cyborganism
        1·
        8 hours ago

        Older millennial here. Boomers bought their homes in their 20s.

        Guess how long it took me to afford my tiny condo?

        • Kecessa@sh.itjust.works
          1·
          8 hours ago

          I bought mine… In my 20s. Without help and with a middle class background.

          So yeah, experiences vary but things are really getting bad since the end of the Y generation, but most of the Ys will have had it pretty great in comparison.

          • Cyborganism
            1·
            6 hours ago

            Bought mine at 39. In 2019. And was only able to afford it because I have a partner with whom I bought it, who suddenly received a huge amount in backpay.

            • Kecessa@sh.itjust.works
              1·
              50 minutes ago

              As I said, experiences vary, but looking at statistics millennials are on average very well off and catching up on previous generations.