First-time buyers: GST removed
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
$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
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
$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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