Uses CMHC limits (GDS 39% / TDS 44%) and the federal stress test. Assumes ~$150/mo heating.
New Housing HST Rebate for a newly built or substantially renovated home bought from a builder as your primary residence. Federal portion: 36% of the 5% GST (max $6,300, phased out between $350K–$450K). Ontario portion: 75% of the 8% provincial HST (max $24,000). Rental and owner-built rebates differ.
Estimates only, for general guidance. Mortgage rates, land transfer tax brackets, rebate amounts and CMHC rules change over time and vary by situation. Please confirm exact figures with your mortgage lender, lawyer, accountant and current government rates (CRA / Ontario Ministry of Finance). This is not financial, tax or legal advice.
