Did you know the federal government’s First-Time Home Buyers’ (FTHB) GST Rebate can save you thousands – even if you’ve owned a home before?

Whether you’re starting fresh, navigating life changes, or simply stepping back into the market after renting for a while, you might be surprised to learn you qualify for benefits associated with being a “first-time buyer.” Let’s break it down:

1. It’s Not Just for People Who’ve Never Owned

The term “first-time buyer” can be misleading. Under this program, you could still qualify even if you’ve owned a home before, as long as you meet a few conditions:

  • You’re 18 years or older and you’re Canadian citizen or permanent resident

  • You haven’t lived in a home you or your spouse/common-law partner owned during the current calendar year or the four previous years

So, if you sold your last home a few years ago and have been renting since, you might still count as a first-time buyer in the eyes of this rebate.

2. How It Works

The FTHB GST Rebate is designed for new-homes meaning your purchase needs to fall into one of these categories:

  • Buying from a new home from a builder, building on land you own or lease, or hiring a contractor.

  • Buying shares in a co-operative housing corporation.

What’s the potential savings?

  • Up to 100% of the GST on homes priced under $1 Million

  • Partial rebates for homes between $1-$1.5 Million (For example, a $1.25M home = 50% GST rebate, or up to $25,000 back)

And that means, all StreetSide homes eligible for 100% of the GST-rebate.

3. Real Life Scenarios That Could Make You Eligible

Not sure if this fits your situation? Here are some examples that might include you:

  • Starting Over After Divorce – If you and your spouse have separated, you may still qualify for the rebate as you could be classed as a first-time buyer purchasing a property on your own.

  • Renting After Selling Your Home – Sold your home years ago and switched to renting for short-term flexibility? You’re likely eligible for the rebate if neither you nor your spouse/common-law partner has owned or lived in a home during the past four years.

  • Moving Back to Canada After Time Abroad – Lived overseas and rented while away for work or lifestyle changes? You could qualify upon returning to Canada after four years, making it easier to buy a brand-new property that fits your next chapter.

4. It Works with Other Rebates

The FTHB GST Rebate works alongside the existing GST/HST New Housing Rebate, so you still receive the full relief amount.

5. It’s Easier to Apply Than You Think

Most buyers can apply with the help of their home builder. Typically, the rebate is applied directly at closing, lowering your monthly mortgage payments.

At Streetside, we’re here to help you navigate your options and see if your next move could come with some serious savings. Ready to find a home that qualifies? Check out our available homes now →

 

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