On Day 3 of the federal election campaign, Conservative Leader Pierre Poilievre unveiled a major housing affordability measure, pledging to eliminate the federal GST on the purchase of new homes valued up to $1.3 million if elected Prime Minister.
The announcement, made during a campaign stop in the Greater Toronto Area, aims to help homebuyers—especially young families and middle-income earners—better cope with rising housing costs in major cities across Canada.
“We need to bring homes people can afford, not more red tape and bureaucracy,” said Poilievre ahead of a rally in Hamilton, ON, later today. “Our plan will deliver real savings by eliminating costly government schemes and returning money to homebuyers.”
According to the Conservative Party, this tax cut could save prospective homeowners up to $65,000 on the purchase of an average new home. The policy would be funded by cutting $8 billion in what the Conservatives describe as “bureaucratic housing schemes” introduced by the Liberal government.
The move builds on growing voter concern about housing affordability—a dominant issue on the 2025 campaign trail. Liberal Leader Mark Carney previously announced a GST exemption for first-time buyers on homes under $1 million, a plan the Liberals say would save Canadians up to $50,000.