Big news for GTA homebuyers: Bill C-4 has officially become law, bringing fresh changes aimed at making home ownership more attainable—especially for first-time buyers and middle-class families. If you’re looking at new homes under $1M, the GST is now completely eliminated for first-time buyers, and for homes between $1M and $1.5M, the GST is reduced. The government estimates these changes could save buyers up to $50,000—a significant boost for young families or anyone hoping to get a foot in the door. There’s also a shift in income tax: the marginal rate drops from 15% to 14% for those earning less than $117,045, retroactive to July 1, 2025. And after April’s election, fuel charges have started to come off, with claims of gas dropping by 18¢ per litre. But even with these policy changes, Toronto’s real estate market remains competitive, with the GTA’s average sale price still over $1M as of February. As someone with over a decade of experience navigating these shifts, I understand how crucial it is to have the right information and strategy in your corner. Whether you’re buying your first home or looking to make a move, these updates are just one piece of the puzzle in our ever-evolving market.
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