{"id":21426,"date":"2025-05-29T04:29:40","date_gmt":"2025-05-29T04:29:40","guid":{"rendered":"https:\/\/groupeorbis.com\/?p=21426"},"modified":"2025-05-29T04:31:53","modified_gmt":"2025-05-29T04:31:53","slug":"up-to-50000-in-tax-savings-for-first-time-buyers-on-new-homes","status":"publish","type":"post","link":"https:\/\/groupeorbis.com\/en\/up-to-50000-in-tax-savings-for-first-time-buyers-on-new-homes\/","title":{"rendered":"Up to $50,000 in Tax Savings for First-Time Buyers on New Homes"},"content":{"rendered":"<div class=\"row\"  id=\"row-1606986040\">\n\n\t<div id=\"col-1997456857\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-1997456857 > .col-inner {\n  margin: -290px 0px 0px 0px;\n}\n<\/style>\n\t<\/div>\n\n\t\n\n<style>\n#row-1606986040 > .col > .col-inner {\n  padding: 30px 30px 30px 30px;\n}\n<\/style>\n<\/div>\n<div class=\"row\"  id=\"row-1642260110\">\n\n\t<div id=\"col-2082873251\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<img loading=\"lazy\" decoding=\"async\" width=\"2048\" height=\"1156\" src=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2025\/05\/may29_CA.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" srcset=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2025\/05\/may29_CA.jpg 2048w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2025\/05\/may29_CA-300x169.jpg 300w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2025\/05\/may29_CA-1024x578.jpg 1024w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2025\/05\/may29_CA-768x434.jpg 768w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2025\/05\/may29_CA-1536x867.jpg 1536w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/>\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-2082873251 > .col-inner {\n  margin: -170px 0px 0px 0px;\n}\n@media (min-width:550px) {\n  #col-2082873251 > .col-inner {\n    margin: -120px 0px 0px 0px;\n  }\n}\n<\/style>\n\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-1948298055\">\n\n\t<div id=\"col-1651655038\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-2790403481\" class=\"text blog-txt\">\n\t\t\n<p><span style=\"font-weight: 400;\">Buying your first home just got a little easier \u2014 and a lot more affordable.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The federal government has announced a\u00a0<\/span><b>new GST rebate<\/b><span style=\"font-weight: 400;\">\u00a0for first-time home buyers that could save you up to\u00a0<\/span><b>$50,000 <\/b><span style=\"font-weight: 400;\">on the purchase of a newly built home. The goal? To reduce the upfront costs of buying and to accelerate new home construction across the country.<\/span><\/p>\n<h3><b>How It Works<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If you\u2019re a\u00a0<\/span><b>first-time buyer<\/b><span style=\"font-weight: 400;\">, you\u2019ll now benefit from:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A\u00a0<\/span><b>100% GST rebate<\/b><span style=\"font-weight: 400;\">\u00a0on new homes priced up to\u00a0<\/span><b>$1 million<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A\u00a0<\/span><b>phased-out rebate<\/b><span style=\"font-weight: 400;\">\u00a0on homes priced between\u00a0<\/span><b>$1 million and $1.5 million<\/b>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">For example, a $1.25 million home would qualify for a\u00a0<\/span><b>50% rebate<\/b><span style=\"font-weight: 400;\">\u00a0(up to $25,000)<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No rebate applies to homes priced over\u00a0<\/span><b>$1.5 million<\/b><\/li>\n<\/ul>\n<h3><b>Who\u2019s Eligible?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">To qualify as a first-time home buyer under this program, you must:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Be\u00a0<\/span><b>18 years or older<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Be a\u00a0<\/span><b>Canadian citizen or permanent resident<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Not have owned a home \u2014 or lived in a home owned by a spouse or partner \u2014 in the current or past\u00a0<\/span><b>four calendar years<\/b><\/li>\n<\/ul>\n<p><b>The rebate applies if you:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Purchase a\u00a0<\/span><b>new home from a builder<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Build a home on land you own or lease<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Buy\u00a0<\/span><b>shares in a co-op housing corporation<\/b><\/li>\n<\/ul>\n<h3><b>What This Means for You<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">This rebate could put thousands of dollars back in your pocket \u2014 and for many buyers, it could mean qualifying for a higher budget or moving up their timeline.<\/span><\/p>\n<p><b>At Orbis, we\u2019re ready to help you take full advantage of this new incentive.<\/b><span style=\"font-weight: 400;\">\u00a0Our mortgage brokers are equipped to guide first-time buyers through the rebate process and find a lending solution that fits.<\/span><\/p>\n<p><b>Let\u2019s talk.<\/b><span style=\"font-weight: 400;\">\u00a0Whether you\u2019re buying your first home or working with first-time buyers, Orbis is here to support you.\u00a0<\/span><\/p>\n\t\t\n<style>\n#text-2790403481 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"is-divider divider clearfix\" style=\"margin-top:0em;margin-bottom:0em;max-width:100%;height:1px;background-color:rgb(213, 213, 219);\"><\/div>\n<div class=\"row\"  id=\"row-1695262021\">\n\n\t<div id=\"col-972973509\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-355873345\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-355873345 {\n  padding-top: 40px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3928686919\" class=\"text\">\n\t\t\n<h3>Related Articles<\/h3>\n<div id=\"gtx-trans\" style=\"position: absolute; left: 254px; top: 47.6562px;\">\n<div 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30px;\n}\n<\/style>\n\t<\/div>\n\t\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":21429,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts\/21426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/comments?post=21426"}],"version-history":[{"count":3,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts\/21426\/revisions"}],"predecessor-version":[{"id":21431,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts\/21426\/revisions\/21431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/media\/21429"}],"wp:attachment":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/media?parent=21426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/categories?post=21426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/tags?post=21426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}