CostsOfCanada.com
Receipt · Line item

First-time buyers: GST removed

The gap
$130B
new measures over four years
The Promise
First-time buyers

Goods and Services Tax removed for new homes up to one million dollars

Carney pledged to remove the GST on newly built homes up to $1 million for first-time buyers, and reduce the GST on new builds priced between $1 million and $1.5 million. Federal funding to cut municipal development charges in half at a cost of $1.5 billion a year over four years.

Source: Liberal Party of Canada, Building Canada Strong housing plan

The Reality
First-time buyers

$130 billion in new measures over four years, adding $225 billion to federal debt

The Liberal costed platform projects $130 billion in new measures over four years, with the broader fiscal footprint adding $225 billion to federal debt. Build Canada Homes is operational and disbursing under the National Housing Strategy, with $76.13 billion committed under the strategy as of December 2025.

Source: CBC News on the Liberal costed platform and CMHC

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