11/05/2026
Budget 2026 is out. Here’s what it means for real estate, in plain English.
Ottawa tabled Federal Budget 2026 today — building more, and helping businesses invest. Here’s what matters for you:
More homes, lower building costs. $13B for Build Canada Homes stays in place, and an $8.8B Canada–Ontario partnership helps cities that cut development charges by 30–50%.
Real savings for buyers. Ontario’s 13% HST rebate on new homes up to $1M continues, worth up to $130,000. Development-charge cuts can save up to $179K per home in some areas.
Fixed rates got cheaper. 5-year fixed mortgages are now about 4.19–4.29%, lower than variable.
The $36B Productivity Mega Deduction supports demand for industrial and flex space.
Let’s find yours. Call or text 647-773-3438 | [email protected]
Basel Almhithawi, Broker | Bassell Commercial Real Estate
HomeLife Landmark Realty Inc., Brokerage