To increase the supply of residential housing for Canadian residents, the Canadian government has enhanced the existing New Housing HST Rebate by introducing an improved version for residential redevelopment projects. Under this regulation, buyers can claim a full refund of all sales taxes (GST/HST and PST) for eligible properties.

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Eligibility Criteria:

• Applies to projects that begin construction on or after September 14, 2023, and meet the following requirements:

  • Redevelopment projects for long-term rental housing, including:

    • Buildings with 4 or more residential units (each unit must include a separate kitchen, bathroom, and living space), or

    • 10 or more residential suites (e.g., housing for seniors, students, or individuals with disabilities).

  • Conversion of existing non-residential real estate (such as offices) into residential complexes.

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Exclusions:

• Does not apply to:

  • Individually-owned condominium units, single-unit housing, duplexes, triplexes, housing co-ops, or privately-owned homes located on leased land or residential trailer parks.

  • Major renovations of existing residential properties.

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This regulation aims to stimulate new residential housing supply rather than reduce market availability.