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flag Ontario and federal gov agree to $8.8B plan to cut home development charges and HST.

flag The Ontario and federal governments have agreed to an $8.8 billion plan to cut development charges by 50% and temporarily eliminate the 13% HST on new homes valued up to $1 million, potentially saving buyers up to $200,000. flag This partnership aims to boost housing supply and support transit projects, though it remains unclear if contracts signed before April 1, 2026, will qualify for the tax relief.

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