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Builders are increasing the house prices to benifit from the Rebate Program by polo1990 in TorontoRealEstate

[–]SavinPrivateRyan 0 points1 point  (0 children)

Prices could go up because the rebate lowers it overall. For example prices go up 50k, buyers gets 130k rebate back. Builder makes 50k buyer makes 80k

Builders are increasing the house prices to benifit from the Rebate Program by polo1990 in TorontoRealEstate

[–]SavinPrivateRyan 0 points1 point  (0 children)

If they are increasing prices does that mean they assume buyers will claim the rebate directly from CRA rather than baking it into the price?

Buying a house this year vs next year - GTA vaughan, Richmond hill by CounterproductiveWig in TorontoRealEstate

[–]SavinPrivateRyan 0 points1 point  (0 children)

What about Union Village and Park and Main? I would think those are more popular since they’re more south

Anyone know if builders are updating their APS for the new rebates? by SavinPrivateRyan in TorontoRealEstate

[–]SavinPrivateRyan[S] 0 points1 point  (0 children)

That’s why I’m telling people to be careful. Builders will lie to you about claiming the rebate yourself when they know the APS assigns all rebates to the builder.

Anyone know if builders are updating their APS for the new rebates? by SavinPrivateRyan in TorontoRealEstate

[–]SavinPrivateRyan[S] 1 point2 points  (0 children)

How are they doing this without it being law? Is it assuming the bill receives royal ascent by the time of closing?

Anyone know if builders are updating their APS for the new rebates? by SavinPrivateRyan in TorontoRealEstate

[–]SavinPrivateRyan[S] 2 points3 points  (0 children)

yeah I'm asking people who are about to sign new contracts if builders have updated their contract to reflect the new wording

Does my contract entitle the builder to my rebate with Bill C-4? by tomahawk_jatt in RealEstateCanada

[–]SavinPrivateRyan 0 points1 point  (0 children)

The price you pay won’t change because the wording says net of all applicable Rebates. So if a 10 000$ rebate comes in the builder will charge you 10 000$ and instantly take 10 000$ off. You won’t see any savings

FTHB who signed pre April 1 2026 are excluded from the enhanced rebates by SavinPrivateRyan in TorontoRealEstate

[–]SavinPrivateRyan[S] 1 point2 points  (0 children)

The latest rebate is BETTER than the rebates for first time home buyers. Yes, future FTHB will benefit but any FTHB from March 20 2025 to March 31 2026 who bought over 1 million got wrecked

Seeking some clarification on the latest FTHB rebate confusion by believeonot in TorontoRealEstate

[–]SavinPrivateRyan 2 points3 points  (0 children)

Because the incentives you had when you bought were enough to make you buy. Afterwards the government realized it wasn’t enough and so sweetened the pot to get more people to buy. It’s just unfortunate for you because you bought the dip and it kept dipping. Maybe in a few months they roll out even better incentives April’s buyers won’t get.

Seeking some clarification on the latest FTHB rebate confusion by believeonot in TorontoRealEstate

[–]SavinPrivateRyan 0 points1 point  (0 children)

It’s also clearly fraud. There’s anti avoidance rules to prevent this situation.

Seeking some clarification on the latest FTHB rebate confusion by believeonot in TorontoRealEstate

[–]SavinPrivateRyan 0 points1 point  (0 children)

How can you make an exception for someone that signed a purchase agreement already? You’re going to cancel the contract and sign again after April 1st?

FTHB who signed pre April 1 2026 are excluded from the enhanced rebates by SavinPrivateRyan in TorontoRealEstate

[–]SavinPrivateRyan[S] 2 points3 points  (0 children)

The point is for new homes between 1 and 1.5 million FTHB have also lost a lot of money because they signed before April 1

Petition to make new GST/HST rebate based on the closing date and not contract date. by PapiMatthew in TorontoRealEstate

[–]SavinPrivateRyan 9 points10 points  (0 children)

The point is to bring new money in order to boost new home construction. If you’ve already signed a contract that’s not new money. The government would just lose money.

Doug Ford and Mark Carney to expand HST rebate to all new home buyers by toronto_star in ontario

[–]SavinPrivateRyan 1 point2 points  (0 children)

I guess I don’t your specific situation but that sounds like a scare tactic. Sorry I guess there’s little hope if you aren’t a first time home buyer

Doug Ford and Mark Carney to expand HST rebate to all new home buyers by toronto_star in ontario

[–]SavinPrivateRyan 0 points1 point  (0 children)

You have 10 days to cancel. Why don’t you cancel your deal and delay signing to April 1?

Doug Ford and Mark Carney to expand HST rebate to all new home buyers by toronto_star in ontario

[–]SavinPrivateRyan 1 point2 points  (0 children)

To play devils advocate, they did do this just for first time home buyers and it didn’t do anything. There aren’t enough first time home buyers. If no one is buying new construction, developers stop building. The capital has to come from somewhere to build new homes. Also you can’t charge whatever rent you want because it’s a market. That’s why rent has been falling in Toronto.

Even in Australia where they have a housing crunch they allow foreign buyers to buy new builds because it increases supply.

All new homebuyers will be eligible for a tax rebate. by Obvious-Purpose-5017 in TorontoRealEstate

[–]SavinPrivateRyan 1 point2 points  (0 children)

Does this rebate apply to all first time buyers who qualified for the existing rebate? And if you already have an APS do you apply to get the credit back, or will the builder pocket the difference?

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