Alan Zheng REALTOR® | Richmond Hill, Markham, Vaughan & GTA

What Ontario New Home HST Rebates and Buyer Incentives Are Available in 2026?

Timing is important. Ontario's temporary enhanced HST rebate generally applies to qualifying new or substantially renovated homes purchased from a builder under agreements signed between April 1, 2026, and March 31, 2027. It does not normally apply to standard resale homes. Buyers must also meet the applicable ownership, occupancy, and other eligibility requirements.

On a qualifying new home priced at $1 million or less, eligible buyers may receive total HST relief of up to $130,000. This includes up to $80,000 for Ontario's 8% portion of the HST, plus additional Ontario relief of up to $50,000 equal to the 5% federal portion. Buyers do not necessarily need to be first-time home buyers, but all program requirements must be met.

For homes priced above $1 million, the rebate amount may be reduced depending on the purchase price and the buyer's eligibility.

Builder incentives, such as capped development charges, flexible deposits, parking, lockers, upgrades, or décor credits, are separate from government rebates and vary by project.

Before signing a new-home agreement, buyers should confirm whether HST is included in the purchase price, whether the rebate will be credited on closing, and whether they meet all eligibility requirements. Because builder agreements can contain complex tax, closing-cost, assignment, occupancy, and rebate provisions, review by a qualified real estate lawyer is strongly recommended before the agreement becomes firm.

For official information, review the CRA Ontario New Housing Rebate guide and the CRA First-Time Home Buyers' GST/HST Rebate guide .

What Is the Most Important Preparation Before Selling a Home?

Accurate pricing and strong presentation are two of the most important preparations before selling a home. The listing price should reflect recent comparable sales, current competing properties, neighbourhood conditions, and buyer demand.

Preparing the property may include decluttering, deep cleaning, completing minor repairs, improving curb appeal, arranging a staging consultation, using professional photography, and developing a strategic marketing plan. These steps can directly influence buyer interest, the time required to sell, and the final sale price.

Review our Home Seller's Guide for a detailed checklist and practical advice on preparing, pricing, marketing, and selling your property.

Should I Sell or Rent My House in the Current Real Estate Market?

Deciding whether to sell or rent your property depends on its current market value, expected rental income, mortgage costs, monthly cash flow, and your long-term real estate goals.

In a market with high housing inventory or weaker rental demand, selling at a competitive price may provide greater financial certainty. Renting may be a better option if the property can generate sustainable rental income and you are financially prepared to hold it until market conditions improve.

Use our Sell or Rent Calculator to compare rental cash flow, ownership costs, mortgage principal repayment, potential selling proceeds, and the estimated financial results of selling versus renting.

Because property values, rents, and market conditions vary by neighbourhood, a local real estate market analysis is recommended before making your final decision.

How Long Does It Typically Take to Sell a Home, and What Is the Average Sale-to-List Ratio?

The time required to sell a home depends on the property type, location, condition, buyer demand, competition, and pricing strategy. A property priced in line with current market conditions may sell within a few weeks, while an overpriced property may remain on the market longer and eventually require a price reduction.

The sale-to-list price ratio compares the final selling price with the listing price. This ratio varies by neighbourhood, property type, and market conditions, so a GTA-wide average may not accurately reflect the market for a specific home.

For the latest Greater Toronto Area housing statistics, review the Toronto Regional Real Estate Board (TRREB) Market Watch report . It provides current information on home sales, average prices, days on market, and sale-to-list price trends.

A neighbourhood-specific comparative market analysis is still recommended when estimating how long a particular property may take to sell and its likely selling price.

How Do School Zones Work in Toronto, York Region, and Peel Region?

School zones, also known as attendance boundaries or catchment areas, are established by local school boards and may change due to enrollment growth, school capacity, new residential developments, program changes, and long-term accommodation planning.

Before purchasing a property, buyers should verify the assigned schools for the property's exact address. Regular school boundaries may also differ from boundaries and admission requirements for specialized programs such as French Immersion, International Baccalaureate (IB), gifted programs, and Advanced Placement.

Use the official school locators below to check schools by address:

• Toronto Area: Toronto District School Board or Toronto Catholic District School Board (Elementary only)
• York Region: York Region District School Board or York Region Catholic District School Board
• Peel Region: Peel District School Board or Dufferin-Peel Catholic District School Board

School-locator results should be treated as a guide. Buyers should confirm the designated school, enrollment eligibility, program availability, and any planned boundary changes directly with the appropriate school board before purchasing a property.

How Do I Choose the Right Real Estate Agent?

Look beyond advertising when choosing a real estate agent. Consider the agent's local market knowledge, pricing strategy, negotiation experience, marketing plan, communication style, and track record across different market conditions.

A short strategy discussion before making a commitment can reveal how well the agent understands your goals, explains market data, handles challenges, and communicates throughout the buying or selling process.

Read our guide to choosing the right real estate agent in the GTA for practical questions to ask and important factors to compare before hiring a Realtor.

How Do Real Estate Commissions, Listing Services, and Listing Agreements Work?

Real estate commissions are not fixed and vary depending on the brokerage, property, services provided, marketing plan, and compensation offered to a buyer’s brokerage. All commission rates and service packages are negotiable and must be stated clearly in the listing agreement.

A full-service listing may include a comparative market analysis, pricing strategy, staging consultation, professional photography and video, MLS exposure, digital marketing, showing coordination, buyer feedback, offer negotiation, and transaction management through closing.

Sellers should carefully review the agreement's expiry date, cancellation or termination terms, and any holdover clause. There is no standard contract length or standard holdover period. A holdover clause may require the seller to pay brokerage fees if the property is sold after the listing agreement expires, under the conditions and within the period specified in the agreement.

Clients are responsible for paying the fees they have agreed to under the representation agreement. In some circumstances, commission may still be payable if a completed agreement of purchase and sale later fails to close because of the client's default or neglect. The exact obligations depend on the wording of the signed contracts, so clients should ask questions and obtain independent legal advice when necessary.

Sellers should compare the complete service package, marketing strategy, negotiation ability, communication, contract terms, and expected net proceeds rather than choosing an agent based only on the lowest commission percentage. For more information, review the RECO Information Guide for buyers and sellers .

Is 2026 a Better Time to Buy or Sell a Home in Toronto?

As of mid-2026, the Greater Toronto Area has approximately five months of housing inventory, indicating that overall market conditions remain favourable to buyers. Buyers generally have more properties to choose from, greater negotiating power, and more time to arrange financing and complete property inspections. However, conditions can vary significantly by neighbourhood, price range, and property type. GTA home prices generally strengthened from January through the spring market, but early July activity suggests that prices may be softening again as the market enters its typical summer slowdown.

For buyers with stable employment, secure financing, and a long-term ownership plan, a buyer-favoured market may provide opportunities to negotiate a better price and more favourable terms. Sellers can still achieve a successful result, but accurate pricing, strong presentation, and a realistic understanding of competing listings are especially important.

For current GTA home sales, housing inventory, pricing, and rental market trends, review our Toronto and GTA Real Estate Market Update .