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Resale vs. preconstruction true cost comparison
Enter a purchase price. See the real effective cost of a new build with Ontario's expanded HST rebate applied — up to $130,000 in savings.
Ontario — Effective April 1, 2026
Enter the Purchase Price
$
The rebate doesn't change the list price — it changes what you actually pay.
Existing Home
Resale Unit
Resale homes are not subject to HST. No tax is charged, and no rebate applies. The listed price is the price you pay.
You Pay
$700,000.00
VS
New Build
Preconstruction
Listed Price (HST incl.)$700,000.00
+ Baked-in Rebate (standard $24K)+ $24,000.00
Combined$724,000.00
÷ 1.13 (remove all HST)÷ 1.13
You Pay
$640,707.96
How the preconstruction effective cost is calculated
Listed Price
$700,000.00
+
Total Rebate
$24,000.00
=
Combined
$724,000.00
÷
Remove HST
1.13
=
Effective Cost
$640,707.96
Rebate tiers (Apr 1, 2026 – Mar 31, 2027): Homes ≤ $1,000,000 receive a full 13% rebate (max $130,000). Homes $1,000,001–$1,500,000 receive a flat $130,000 rebate. Homes $1,500,001–$1,850,000 phase out linearly from $130,000 down to $24,000. Homes above $1,850,000 receive the standard $24,000 Ontario provincial rebate only. All eligible buyers qualify under the one-year expansion — first-time, repeat, and investor. Always confirm eligibility with your real estate lawyer and accountant before purchasing.
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