GST Rebate for First-Time Buyers: A Game Changer for Presales

As of May 27, 2025, the federal government has eliminated the 5% GST on newly built homes priced under $1 million for eligible first-time buyers—with partial relief up to $1.5 million.In a high-priced market like Vancouver, this can mean savings of up to $50,000—a major boost for buyers looking to enter the market through presale condos.

Who Qualifies?

• Canadian citizen or permanent resident
• First-time buyer (no home ownership in the last 4 years)
• 18+ years old
• Buying as a primary residence
• Purchase signed on or after May 27, 2025

What It Means for Presale Buyers:

This rebate finally reflects Vancouver's real market conditions—where homes under $1M are often new condos or townhomes in areas like Brentwood, Burquitlam, or Marine Gateway.With over 150 homes under $699,900 in some upcoming projects, the timing is ideal to explore presales and lock in savings before inventory shrinks or incentives disappear.Bonus: Developers may also shift focus to more first-time buyer-friendly units and pricing structures.

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Let’s Chat
Want to see what projects qualify or get early access? I’ll help you find a presale that fits your goals—and make sure you don’t leave money on the table. Reach out today to learn more.

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