Premier Doug Ford announced that the Province of Ontario will be proposing a new rebate to fully remove the 8% provincial portion of the HST for first-time homebuyers on new homes up to $1 million, effective for agreements signed on or after May 27, 2025. When combined with the federal 5% GST rebate, this could save buyers up to $130,000.

What does this all mean? How is it calculated? How does it differ from the previous HST rebate already in place for new homes? Who qualifies?

Ema speaks for Matthew Patullo, Barrister and Solicitor to get all these answers.

Matthew Patullo is a founding Partner at A.P. Romano Legal Professional Corporation. His practice focuses on all areas of real estate, wills and estates, and corporate law matters. Matthew was called to the Ontario Bar in 2015 and has worked with a great breadth of entrepreneurs, first-time home buyers, experienced home buyers, builders, realtors, and mortgage agents and their clients to deliver seamless transaction closings and client-centric service.

Legislation being referred on the podcast can be found here: https://www.parl.ca/legisinfo/en/bill/45-1/c-4?view=progress

And Matthew can be contact directly at mpatullo@aprlawyers.ca.

Dreaming of resort-style living in Ontario? In this video, Ema explores two of the province’s most sought-after lifestyle destinations:

🌊 Friday Harbour, Innisfil – a modern resort community on Lake Simcoe, offering luxury condos, waterfront living, dining, and year-round activities.
⛰️ Blue Mountain, Collingwood – a four-season playground with ski-in/ski-out chalets, condos, and vibrant village life for families, investors, and second-home buyers.

Whether you’re looking for a vacation property, an investment, or a permanent lifestyle upgrade, these communities offer the perfect blend of relaxation, recreation, and long-term value.

As a Realtor with THE AGENCY, I bring local insight and global reach to help you find your perfect resort property in Ontario.

Ema talks with Grace Simon, a 25 year real estate guru, and Tracy Kambeitz, Real Estate interviewer master.

The current data of the market in Ontario shows we are close to a balanced market.

A balanced real estate market occurs when the supply of homes for sale closely matches the demand from buyers, creating a relatively stable environment for both buyers and sellers. In this market, neither buyers nor sellers have a significant advantage, and prices tend to be more stable.

However since we have not since a balanced market in years, this may be foreign to us.

Have a listen.