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28 Apr

💬 Ontario’s New HST Rebate: What It Means for Your Mortgage (Not Just the Headlines)

Housing Market

Posted by: Charlotte Ferguson

Let’s talk about the new HST rebate — but not the way headlines do.

Because yes…

👉 “Up to $130,000 in savings” sounds amazing.

But what actually matters is:

👉 How this impacts your mortgage, your affordability, and your real-life numbers

đź’° The Big Headline

Ontario is proposing:

👉 Up to $130,000 in HST relief on new homes

Applies to:

  • New construction
  • Homes under ~$1M (full relief)
  • Sliding scale up to ~$1.85M

🧠 What This Actually Means for You

Let’s translate this into real-life impact.

đź’Ą 1. Your Mortgage Amount Could Drop

If the rebate is applied upfront:

👉 Your purchase price effectively lowers

Which means:

  • Smaller mortgage
  • Lower monthly payments
  • Better approval flexibility

đź“Š 2. Your Buying Power Increases

Same income.

Same down payment.

👉 More home.

That’s the real shift.

⚠️ 3. But It Doesn’t Make You “Automatically Approved”

Important reality check:

👉 Lenders still look at:

  • Income
  • Debt ratios
  • Credit

So while this helps…

👉 It doesn’t replace proper mortgage planning

⏳ Timing Matters (A Lot)

This program is expected to be:

👉 Temporary (approx. 1 year)

Which means:

  • Buyers may rush in
  • Builders may adjust pricing
  • Market conditions may shift quickly

🔍 What We’re Still Waiting On

The Globe article highlights this clearly:

👉 Not all details are finalized yet

Including:

  • Exact qualification rules
  • How lenders treat the rebate
  • Builder application structure

đź’ˇ Smart Mortgage Strategy Right Now

Instead of reacting to headlines…

👉 Do this:

âś” Get pre-approved now
âś” Understand your real budget
âś” Compare new build vs resale scenarios
âś” Watch how policy rolls out

🧭 Where Charlotte Comes In

This is exactly where I help my clients stay ahead instead of catching up.

Because:

👉 Policy changes = opportunity (if you understand them)

With me, you get:

âś” Clear breakdown of what you qualify for
âś” Real numbers (not guesses)
âś” Strategy around timing + financing
âś” Guidance on how to actually use this rebate

📲 Call/text Charlotte – 519-575-1804

Ready to Apply?
👉 https://tinyurl.com/CharlotteFergusonMortgages

Browse my app:
👉 https://tinyurl.com/DLC-MortgageApp

✨ Final Thoughts

This rebate?

👉 It’s not just about saving money.

It’s about:

👉 Positioning yourself to buy smarter

And in today’s market?

That matters more than anything.