When we talk about the true cost of a new home in Ontario, it’s eye-opening to realize that taxes and government charges make up nearly 36%—that’s more than a third of the price, and it’s not even tied to the actual building expenses. For many buyers, development charges alone can top $100,000 per single-family home, and when you add in other levies, those costs can climb to $200,000. A recent joint federal-provincial program is changing the landscape: municipalities that reduced residential development charges by 30% to 50% (and kept those reductions for three years) could access new funding. After the HST cut, there was a notable jump—8,400 new home sales in the first three months, compared to 3,600 in the same period each year. Making these HST rebates and lower development charges permanent could be the certainty buyers, builders, and municipalities need to help with affordability and boost housing supply. As someone who’s committed to helping clients navigate every detail, I see firsthand how these changes can open new doors for first-time buyers, growing families, and anyone looking to make their real estate dreams a reality. Your satisfaction is always my priority.
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