How the new First-Time Home Buyers’ GST Rebate helps you get into a new home

As of May 27, 2025, the Canadian government has introduced a new First-Time Home Buyers’ GST Rebate, designed to put thousands of dollars back into your pocket when you buy a newly built home.

If you’ve been dreaming about stepping into homeownership, this could be the boost you’ve been waiting for especially if you’re considering a brand-new Coventry home.

What’s This Rebate All About?

Let’s break it down:
If you’re a first-time home buyer, you’re now eligible to get back 100% of the GST on new homes priced up to $1 million. That’s a potential savings of up to $50,000—money that could be used toward your down payment, furnishings, moving costs, or simply to keep your monthly expenses more manageable.

Why It Matters to You

1. Stretch Your Budget Further

This rebate gives you more room to shop confidently in Edmonton’s new home market. With up to $50,000 in GST savings, homes that might’ve previously been just out of reach may now be affordable.

2. Better Value for Your Investment

Rather than compromising on features or square footage to stay within budget, you may now be able to purchase a home with the layout, upgrades, or location you really want—without the extra financial stress.

3. No Waiting Required

If you’re buying a new build from Coventry Homes, you’re likely already eligible for the rebate. As long as the agreement is signed on or after May 27, 2025, and the home is priced under $1M, you’re good to go.

Who Qualifies?

To benefit from this rebate, you must:

• Be a first-time home buyer
• Be a Canadian citizen or permanent resident
• Be purchasing the home as your primary residence
• Sign your purchase agreement on or after May 27, 2025
• Ensure the home is priced under $1.5M (full rebate up to $1M, reduced amount up to $1.5M)

If that sounds like you, you’re already one step closer to owning a new home—for less.

Why Buy New with Coventry?

At Coventry Homes, we’re passionate about building homes that fit your lifestyle—and your budget. Here’s how we can help you make the most of this rebate:

• Quick Possession Homes ready now or soon, ideal for first-time buyers looking to move in quickly
• Customizable floorplans so you don’t have to settle on your first home
• Transparent pricing so you understand exactly what you’re getting, with no surprises
• A range of homes across the Greater Edmonton Area

Our experienced team will guide you through the process and help you claim every eligible rebate and incentive available to you.

Don’t Miss Out

To take advantage of the First-Time Home Buyers’ GST Rebate, your agreement must be signed between May 27, 2025, and December 31, 2030, with construction completed by 2035. It’s a generous window, but if you’re ready to buy now, you could start benefiting today.

The Bottom Line

Buying your first home is a big milestone—and now, it comes with an even bigger reward. With the federal government covering up to $50,000 in GST on your purchase, there’s never been a better time to explore new homes built for the way you want to live.

Reach out today to chat with our sales team or visit one of our showhomes to learn more about how this rebate—and your dream home—can become a reality.