Are You a First Time Homebuyer?
If you are, you can now take advantage of reduced GST prices on all new builds at Starward Homes. Moving forward, the federal portion of the GST will no longer be added to the purchase price of your Home!
At the Ridge, this means a savings of $30k PLUS on all our homes for first time homebuyers.
That’s more money in your pocket, and with incredible prices already available on all remaining inventory at the Ridge, now is a great time to explore your dream home.
Do You Qualify as a First-Time Homebuyer?
Here’s what you need to know:
You may be eligible for a FTHB GST Rebate if:
- You are at least 18 years of age.
- You are either a Canadian citizen or a permanent resident of Canada.
- One of the purchasers of the home would need to be a ‘first-time homebuyer’.
- The home is being purchased for use as your primary place of residence.
- You would be the first individual to occupy the home as your place of residence.
- The Agreement of Purchase and Sale for the home is entered into with the Starward Homes on or after May 27, 2025, and before 2031.
- Construction of the home begins before 2031, and the home is substantially completed before 2036.
Limitations for FTHB GST Rebate:
- An individual would NOT be permitted to claim a FTHB GST Rebate more than once in their lifetime.
- An individual would not be permitted to claim a FTHB GST Rebate if their spouse or common-law partner previously claimed a FTHB GST Rebate.
- If, pursuant to an assignment sale, a FTHB assumes the rights and obligations of another person that is a purchaser of a new home under an agreement of purchase and sale with the builder, the FTHB rebate would not be available if that original agreement of purchase and sale was entered into before May 27, 2025.
- If an agreement of purchase and sale for a new home was originally entered into before May 27, 2025, and the agreement is subsequently cancelled and a new agreement of purchase
- and sale is entered into (or the agreement is varied or altered to effect that outcome), the FTHB GST Rebate may be disallowed in respect of the sale of a new home under the new agreement (and would not be allowed in respect of the varied or altered agreement).
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