When it comes to buying or selling a home in Ontario, understanding the true impact of government taxes and development charges is key. Did you know that nearly 36% of a new home’s price comes from these costs—meaning more than a third of what you pay is beyond the builder’s expenses? In many municipalities, development charges alone have soared past $100,000 per single-family home, and with other levies, they can add up to $200,000.
Recently, a joint federal-provincial initiative has offered a much-needed lifeline: municipalities can now tap into funding by slashing residential development charges by 30–50% or more, and holding those reductions for three years. After the HST cut, Ontario saw new home sales jump to 8,400 in just three months—compared to 3,600 during the same period previously.
From my years of helping families find their perfect GTA home, I know how crucial affordability and certainty are. Making the HST rebate and lower development charges permanent could offer buyers, builders, and our communities the stability needed to boost both affordability and housing supply. Helping you navigate these changes is all part of my proven home selling system—ensuring more value, less stress, and successful moves for every client.
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