Canada’s GST Rebate is Based On 1991 Home Prices-WTF!?!

In this episode, Sabrina Maddeaux and Mike Moffatt tackle how GST rebates are affecting new homebuyers, tracing the history of these incentives and how inflation has quietly eroded their value. With fresh rebate structures now on the table—especially for first-time buyers—they examine what’s working, what’s not, and what’s politically possible. And, of course they have some suggestions on how policy could be shaped to benefit everyone. Chapters00:00 Introduction 01:52 A new home in the GTHA for under $450k - impossible02:23 Understanding GST rebates, their history and impact04:17 Why are the rebates so small?06:56 Bill c-4’s first-time-homebuyer rebate08:09 What the proposed GST rebate misses - seniors downsizing10:45 Proposed changes to GST rebates13:00 Will governments make these proposed changes?14:30 Sabrina’s take15:37 Concerns about inflation and housing demandResearch/Links:Is Ontario Ready to Spend $895M to Jumpstart Homebuilding?The PBOs Math Is Clear: We Need an Expanded GST Housing RebateHosted by Mike Moffatt & Cara Stern & Sabrina MaddeauxProduced by Meredith MartinFunded by the Neptis Foundation https://neptis.org/