menu

Many Realtors are Predicting a Leveling Out of the Housing Market

Date Posted
18 January 2017
Many realtors are predicting that Canada’s real estate boom will be slowing down in 2017, with predictions that the New Year will bring with it modest sales gains compared to years gone by.  Even the Canadian Real Estate Association forecasts 2017 as the year when the home market will level off. And while Toronto and Vancouver are still considered “red hot” by any measure, both realtors and bankers seem to be in agreement that changes are coming to the housing market.There have also been pressures placed on the federal government to intervene in some way in the market. The stumbling block is where to intervene. Small down payments can be problematic. Foreign buyers with cash also pose a problem. And finally, a shortage of housing inventory has tis own impact on supply and demand. As for prices, forecasters are predicting a “flattening out” – not any dramatic reduction in record-high house prices, but certainly a halt to the escalation. Then, of course, there’s the issue of residential home affordability. And although the luxury home market has a completely different set of dynamics, it’s the first time homebuyer that seems to be squeezed out of the housing market. Flattening out or not, house prices remain high, seemingly out of reach for many, and especially the young. Perhaps the Bank of Canada has the best long term forecast, warning that an elevated house market, with high prices is simply unsustainable.

Whatever the housing market, buyers should know about HST housing rebates

When it comes to real estate, there are two types of HST rebates. One is intended for buyers who will reside in the newly purchased property. The other is intended for investors who will lease their purchased property. In either case, and regardless of property type, HST rebates are voided if a property is sold in the first 12 months after purchase. CRA also has several rules that preclude close family members, co-owners, and foreign investors from participating in an HST rebate.

Many properties are eligible for rebates - from pre-construction to new builds

  • Occupants and/or investors who plan to buy a pre-construction condo or house
  • Homebuyers of a new built residence that has not been previously lived in
  • Individuals who have undertaken to custom build a new home for personal use
  • Homeowners who have substantially renovated their existing home (90%)
  • Those who plan to convert a non-residential property into a residential home

Different circumstances pose different challenges with HST housing rebates

Depending on the situation, there are real estate transactions, especially newly built, that include an HST rebate. There are other situations when a builder does not include an HST rebate into a purchase price. There is also a time limit for HST rebates, and failing to apply within 2 years of closing a real estate deal way disqualify a rebate. This is exactly when an expert rebate specialist can be valuable in understanding the ins and outs of an HST application. With Rebate4U, all of the legwork is done on behalf of the client, while the team strives for the highest possible HST rebate.

Contact Us

Rebate Calculator

Please enter the total value of your renovation including tax.

Total construction cost
(including taxes)
$
Search Our Blogs

More of our Blogs

27 November 2023

So You Built a New Home, Now What?

If you’ve recently finished building your new property in the last two years, you may be eligible for money back with the HST rebate in Ontario. The program allows homeowners to recover a portion of their HST spent on construction.

View Full Post
17 October 2023

Signs You'll Benefit from the HST Rebate in Ontario

The HST Rebate in Ontario is a valuable and beneficial program available to homeowners in Ontario. Unfortunately, many new home buyers or even long-time homeowners are unaware of the program’s existence or their eligibility. The new home HST Rebate can be nuanced, but with the guidance of an experienced, trusted, and knowledgeable professional like the team at Rebate4U,...

View Full Post
29 September 2023

Benefits of Renting Your Newly Purchased Home

It’s not uncommon for property owners to purchase a new home or condo with the intention of making it their primary residence but then later change their minds to use the newly acquired or built property as a rental unit. Whether you build the home from the ground up or determine that you no longer want to use a newly purchased property from the builder as a home for yourself, there are...

View Full Post
20 September 2023

Experts Tips for Navigating the HST Rebate on Newly Built Homes

The HST rebate in Ontario is a fruitful opportunity for homeowners throughout the region. As housing and building materials costs increase, it’s no surprise that property owners are looking for ways to reduce their investment costs. Offered through Canada Revenue Agency, the new home HST Rebate is a great way to get back some of the money spent on renovating or building a new home. In...

View Full Post
21 August 2023

Tips for Planning Your New Home Rebuild HST Rebate

Rebuilding your home from the ground up can be a daunting undertaking but incredibly rewarding with the right approach and programs like the HST Rebate in Ontario. The New Home HST Rebate allows qualifying residential property owners to recover a portion of their rebuilding costs spent on HST. In Ontario, every sale of services or goods comes with a 13% Harmonized Sales Tax charge, including...

View Full Post
31 July 2023

Identifying HST Rebate Eligible Elements in Your Construction Journey

The HST Rebate in Ontario is an excellent opportunity for property owners looking to undergo major construction. Whether you've recently purchased a plot of land to build a brand new property or are planning to tear down an existing home to its studs and renovate it, the HST Rebate on a newly constructed or renovated home can supplement a significant portion of your costs. So much energy, time,...

View Full Post
24 July 2023

Why Rebuild Damaged Homes with HST Rebate in Ontario

Residential properties can be damaged significantly for a multitude of reasons, from house fires and windstorms to wildfires. Severely damaging properties can be a huge financial expense. But with insurance and Ontario’s HST rebate program, knocking down your property and rebuilding it from the ground up can be the most cost-effective route. Not only are you minimizing your expenses with the HST...

View Full Post
25 May 2023

Guide to HST Rebates & Renovations this Summer

As spring turns into Summer and the pandemic fades into the rearview mirror, more and more homeowners throughout Ontario are embarking on shelved renovation and home construction projects. What many people don’t know is that your construction or renovation of a newly built home can award you significant savings through the HST Rebate in Ontario. Various rebates are available through the Canada...

View Full Post
01 May 2023

How to Cash in on Your Major Home Addition

One of the benefits of residential properties is that homeowners can leverage renovations entirely to customize and upgrade their space. In some cases, this may mean knocking down a property, tearing it down to its studs, and starting over again. In other situations, renovating your home means constructing a major addition. When you work on your home, the cost is a common concern, but with the HST...

View Full Post
31 March 2023

Benefits of Renting Your New Home

If you’ve been thinking about investing in a new home or you’ve put the deposit down on a new home but aren’t quite sure if you’re ready to make a move, the thought of renting may have crossed your mind. With the Ontario HST rebate program, a rental property can be a great option to get some money back on your investment into a new home. The New Residential Rental Property Rebate will buy...

View Full Post
Homeowners, obtain an HST rebate of up to $30,000 today!
get started

Why Choose Rebate4U?

Experienced Specialists

For over 10 years, the Rebate4U team has the knowledge and expertise to help residential property owners throughout Ontario successfully apply for regional HST Rebate programs.

Free Consultations

Our specialists offer complimentary consultations where we review your eligibility to determine whether you qualify for an Ontario HST Rebate so you can proceed with your application confidently.

Millions Awarded

We are able to expertly navigate rebate opportunities, staying up-to-date on the most recent rebate developments and changes in the HST Rebate program to maximize returns. To date, we’ve successfully acquired millions of dollars for clients in total.

Customer Commitment

The Rebate4U team is dedicated to delivering the highest level of customer service, we are here to answer your questions and help you navigate the intracises of your application easily and efficiently.

Cashing-In on the HST Rebate is as Easy as 1-2-3
Contact REBATE4U

Set up a quick, free consultation with the Rebate4U team to explore your HST Rebate options.

COLLECT DOCUMENTS

Submit your required documents to Rebate4U, and we'll handle your application.

GET YOUR Money BACK

Apply for the rebate and receive thousands in rebates in just weeks with Rebate4U.

FIND OUT IF YOU QUALIFY

We are proud to be working with top Canadian companies

Recent Posts view all posts

So You Built a New Home, Now What?

If you’ve recently finished building your new property in the last two years, you may be eligible for money back with the HST rebate in Ontario. The program allows homeowners to recover a portion of their HST spent on construction.

Read More

Signs You'll Benefit from the HST Rebate in Ontario

The HST Rebate in Ontario is a valuable and beneficial program available to homeowners in Ontario. Unfortunately, many new home buyers or even long-time homeowners are unaware of the program’s existence or their eligibility. The new home HST Rebate ca...

Read More
We Are Based

Rebate4U
101-3185 Bathurst St
Toronto ON
M6A 2B2

1-800-610-4510
info@rebate4u.ca

Connect With Us
Error...

Please, enter a valid value

We are sorry...

But the values you entered are invalid

Rebate

In celebration of our 3 year anniversary at Rebate4u Inc, we have decided to reduce our fee structure for all new home and renovation rebates including the New housing rental rebate.  

Don't waste your time looking for anyone else to take care of this because we will not be under sold.
Please fill out the form below or call us at 1-800-610-4510

Please, enter a valid value