Ontario has expanded the HST rebate on new homes for a limited time, with up to $130,000 in combined federal and provincial relief for eligible buyers. If you're considering a suite at SkyTower, the key question isn't only the price tier. It's the date on your agreement.
$130,000 maximum combined enhanced rebate | Apr 1, 2026 start of the agreement window |
Mar 31, 2027 end of the agreement window | $1.85M price at which the enhanced rebate ends |
The Rebate at a Glance
According to TRREB's guide to the Ontario enhanced new housing rebate:
| Purchase price | Enhanced rebate |
|---|---|
| Up to $1.5 million | Up to $130,000 (full amount) |
| $1.5 million to $1.85 million | Phased out as the price rises |
| $1.85 million and over | Not eligible for the enhanced rebate |
The rebate generally applies where the agreement of purchase and sale is entered into between April 1, 2026 and March 31, 2027. It isn't limited to first-time buyers, but the usual rules apply: it's for a new or substantially renovated home bought from a builder, generally as a primary residence.
Why the Agreement Date Matters
Eligibility is based on when your agreement was signed. A suite bought under an agreement signed before April 1, 2026 generally falls outside the enhanced rebate window. Propmodo reported in July that the developer was preparing to release a final block of upper-floor suites for sale, which may involve newer agreements. Whether any specific suite qualifies is something to confirm with the builder and your lawyer.
First-time buyers may also qualify for a separate federal GST rebate on new homes, which has its own dates and conditions. Our new HST rebate guide walks through both.
Questions to Ask
- Does my agreement fall within the April 1, 2026 to March 31, 2027 window?
- Does my purchase price fall in the full-rebate range or the phase-out range?
- Is the rebate already reflected in the price I was quoted?
- Will the builder credit it at closing, or will I pay the full HST and apply to the CRA afterward?
- Does my intended use (primary residence or rental) meet the conditions?
Related SkyTower Guides
- Interim occupancy fees explained
- SkyTower's deposit structure
- What's confirmed about the tower
- Explore the collections: Signature, Landmark, Vista and SkyVilla
Sources: TRREB, Ontario enhanced new housing rebate and Propmodo.
Want to know which suites are available and how the rebate may apply? Register for the SkyTower pricelist, submit your worksheet or call 647-259-8806.
This article is for general information only and is not legal, tax or financial advice. Rebate rules and dates may change. Confirm eligibility with the builder, your lawyer and the CRA.
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