The HST Relief Implementation Act for new homes purchased from April 1, 2026 to March 31, 2027, provides significant tax relief for buyers who purchase new or substantially renovated homes. This rebate can reduce the overall purchase cost, and sellers may reflect it in the list price, depending on how they market the property.
To improve transparency and ensure consistency across listings, a new mandatory flag is being added to the Amounts/Dates tab of the Add/Edit form. This flag allows you to clearly indicate whether the list price has been reduced to include the HST rebate.
Select No if the list price has not been reduced to reflect the HST rebate.
Select Yes if the list price has been reduced to reflect the HST rebate.
REALM® and Matrix™ will automatically display the clarifying text shown below in the listing’s System Remarks field. This field does not appear publicly.
REALM®
Matrix™
This enhancement helps reduce confusion, supports more accurate price comparisons, and ensures compliance with current listing standards and disclosure requirements. You may also add additional details to the REALTOR® Only Remarks field.
Need Help?
Contact the PropTx Help Desk:
- Email: support [at] proptx.ca (support[at]proptx[dot]ca)
- Phone: 416-443-8199
