Ford government plans to waive provincial portion of HST on new homes for one year to boost sales and construction. The move aims to address affordability issues for homebuyers and stimulate the construction sector. Finance Minister Peter Bethlenfalvy expects the plan to support the building trade and homeownership dreams. The change comes after previous initiatives failed to boost market activity.
Details remain under wraps, but the policy is set to apply to all buyers, not just first-time purchasers.