An Ace Guide To The FTHB GST Rebate

On May 27, 2025, the Excise Tax Act was amended to introduce a new GST rebate for first-time home buyers, lowering the barrier of entry for new purchasers entering the market while encouraging new home construction.

First-time buyers can save up to $50,000 

GST is eliminated on new homes up to $1 million

GST is reduced for new homes between $1 million and $1.5 million.

Ace has rebate-eligible homes and homesites for every type of first-time buyer in top performing real estate markets across British Columbia.

Over 360 Homes Representing Over $11 Million In GST Savings

THE OKANAGAN

THE KOOTENAYS

VANCOUVER ISLAND

Over 50 GST-Reduced Homes Currently Available

For first-time buyers setting down roots in a signature home, the Ace portfolio also includes a variety of properties within the $1 million to $1.5 million eligibility range, from elevated lakeview living in downtown Kelowna at Water Street by the Park, spacious four-bedroom homes at Shannon Lynn by the Lake in West Kelowna, and incredible alpine properties in Rossland, B.C.

Who Is Eligible For the FTHB Rebate?

If you are a first-time homebuyer and purchasing or building a new home, you may be eligible for a FTHB GST Rebate if you meet all of the following criteria:

• You are at least 18 years of age
• You are either a Canadian citizen or a permanent resident of Canada
• You have not lived in a home, whether in or outside Canada, that you owned or that your spouse or common-law partner owned in the calendar year or in the four preceding calendar years.

Visit Canada.ca to review all qualifying criteria.

New Homes, New Markets, New Opportunities

Are you interested in learning more about the Ace portfolio and gaining early access to upcoming projects, or how aceMI can take your development project to the next level with Market Intelligence that goes far beyond just data?  Let’s connect, we’d love to hear from you.