{"id":29627,"date":"2025-03-21T15:44:29","date_gmt":"2025-03-21T22:44:29","guid":{"rendered":"https:\/\/essential.construction\/news\/liberals-vow-to-cut-gst-for-first-time-homebuyers-purchasing-homes-for-1m-or-less\/"},"modified":"2025-03-21T15:44:29","modified_gmt":"2025-03-21T22:44:29","slug":"liberals-vow-to-cut-gst-for-first-time-homebuyers-purchasing-homes-for-1m-or-less","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/liberals-vow-to-cut-gst-for-first-time-homebuyers-purchasing-homes-for-1m-or-less\/","title":{"rendered":"Liberals vow to cut GST for first-time homebuyers purchasing homes for $1M or less"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>OTTAWA \u2014 Prime Minister Mark Carney says his government will scrap the GST for first-time homebuyers who purchase a home with a sale price at or below $1 million.<\/p>\n<p>Carney promised the measure during his leadership campaign and it also matches a similar promise made by Conservative Leader Pierre Poilievre last fall.<\/p>\n<p>Carney made the announcement in Edmonton just three days before he is widely expected to call a federal election.<\/p>\n<p>Carney says the commitment will save Canadians up to $50,000 on the cost of a home.<\/p>\n<p>He says it also will increase the supply of homes by spurring on new construction.<\/p>\n<p>Housing has become a key issue for Canadians in recent years, particularly younger voters, as population growth outstripped housing construction and prices soared.<\/p>\n<p style=\"text-align: center;\"><strong>\u00a92025 The Canadian Press<\/strong><\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/canada.constructconnect.com\/dcn\/news\/government\/2025\/03\/liberals-vow-to-cut-gst-for-first-time-homebuyers-purchasing-homes-for-1m-or-less\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] OTTAWA \u2014 Prime Minister Mark Carney says his government will scrap the GST for first-time homebuyers who purchase a &#8230; <a title=\"Liberals vow to cut GST for first-time homebuyers purchasing homes for $1M or less\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/liberals-vow-to-cut-gst-for-first-time-homebuyers-purchasing-homes-for-1m-or-less\/\" aria-label=\"Read more about Liberals vow to cut GST for first-time homebuyers purchasing homes for $1M or less\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1037],"tags":[357,295],"class_list":["post-29627","post","type-post","status-publish","format-standard","hentry","category-daily-commercial-news","tag-blog","tag-technology","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/29627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=29627"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/29627\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=29627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=29627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=29627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}