Log in as a…



We can help


March 21, 2011

Buying a Home? Get the Facts on HST

Revenue Minister Sophia Aggelonitis and Ontario Real Estate Association Immediate Past President, Dorothy Mason, today released a video explaining to prospective buyers the facts about the HST and the housing market.

The video highlights the fact that there is no HST on the purchase price of resale homes. Sales tax did not apply to the purchase price of resale homes under the previous PST, and it does not apply under HST.

For new housing, additional tax only applies to the portion of the price above $400,000.

The Ontario Enhanced New Housing Rebate means the buyers of new homes receive a rebate of up to $24,000 regardless of the price of the new home. Buyers of new homes priced up to $400,000 (about three-quarters of new homes built in Ontario) on average pay no more — and possibly even less — tax than under the previous PST, where sales tax was hidden in the price.


"Buying a home is one of the most important investments a person will make in their lifetime. That's why I'm pleased to be working with OREA to provide information about purchasing a home in Ontario."
—Minister of Revenue Sophia Aggelonitis

"A resale home costs tens of thousands of dollars less than many Ontarians think because HST does not apply to residential resale transactions."
—Dorothy Mason, Immediate Past President, Ontario Real Estate Association

Quick Facts

  • The HST does not apply to the purchase price of resale homes.
  • Sales tax did not apply to the purchase price of resale homes under the previous PST.
  • In addition to not having HST on resale homes, a refund of Land Transfer Tax— of up to $2,000 is available to first-time home buyers of resale homes.

Learn More

Watch the video www.ontario.ca/taxchange or www.youtube.com/oreagr.

Learn more about the HST and Ontario's Tax Plan for Job and Growth at www.ontario.ca/taxchange.

For media inquiries only:
Melissa Zanette
Minister's Office
(416) 314-4801

For OREA comment or to schedule an interview with President Barb Sukkau:
Jim Flood
Director, Government Relations
(416) 442-3408

All other inquiries:
Toll free 1 (800) 337-7222
Toll free 1 (800) 263-7776 (teletypewriter)

More News & Press Releases


Statement from OREA President David Reid & CEO Tim Hudak on new Ontario PC Leader Doug Ford

On behalf of the Ontario Real Estate Association, we would like to offer our congratulations to Doug Ford, the new leader of the Ontario Progressive Conservative Party, on his victory yesterday

Read More

OREA pleased with passing of Ontario’s consumer protection bill

“Ontario REALTORS® are very pleased to see phase one of our proposals for modernizing the rules that govern our industry become law. This legislation provides greater transparency for consumers and protects their right to work with the realtor of their choice."

Read More

OREA statement on Ontario PC Party Platform Announcement

Realtors are very pleased to see Patrick Brown and the Ontario Progressive Conservatives focus on affordable home ownership in their 2018 election platform. Their policy ideas on housing show that they have done their homework.

Read More
Back to News & Press Releases
To MP Survey
OREA Contract