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Canada waives GST on new homes up to $1M for first-time buyers to boost affordability.
Canada's Liberal government plans to waive the GST on new homes up to $1 million for first-time buyers, potentially saving them up to $240 monthly on mortgage payments.
The policy, costing $3.9 billion over five years, aims to make housing more affordable, especially in pricey markets like Toronto and Vancouver.
However, the report warns that increased demand could raise home prices if not paired with efforts to boost supply.
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Canadá exime de GST en casas nuevas de hasta $ 1M para compradores por primera vez para impulsar la asequibilidad.