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GST Exemption for First-Time Home Buyers in Canada (2025 Update)

Introduction In a major affordability boost, the Canadian federal government announced on May 27, 2025 a sweeping GST rebate that effectively eliminates the 5% federal GST on the purchase of new homes priced up to $1 million for eligible first-time home buyers . This is not just a partial refund - it’s a full exemption of GST up front for most first-time buyers on new construction. What Is the New FTHB GST Rebate? Full 5% GST exemption on new homes valued at $1 million or less (savings of up to $50,000). Partial exemption for homes valued between $1 million and $1.5 million - rebate phases out linearly so a home at $1.25 million would qualify for about a 50% rebate (roughly $25,000). No rebate on homes valued at or above $1.5 million .  Who Qualifies? To be eligible, buyers must meet common-sense criteria: Be 18 or older, a Canadian citizen or permanent resident. Have never owned a home - in Canada or abroad - in the current year or the four previous years (inc...
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New Developments in Selkirk You Should Know About

Selkirk, Manitoba is quickly becoming one of the most desirable small cities to live in just outside Winnipeg. With exciting new subdivisions, mixed-use projects, and builder-driven communities taking shape in 2025, now is the perfect time to explore what’s new in Selkirk - whether you’re a first-time buyer , investor, or planning to sell . Here’s a closer look at the top new developments in Selkirk that you should definitely know about. 1. Aspen Creek Trails by Skylark Homes Ltd. Located in Selkirk's growing West End, Aspen Creek Trails is one of the city's most exciting new residential developments - and Skylark Homes Ltd. is leading the charge with a diverse range of housing options to suit every lifestyle. As the builder representative for Skylark Homes, I can personally help you navigate this fantastic opportunity. What’s Available: Single-Family Bungalows & Two-Storey Homes Side-by-Side Bungalows & Two-Storeys Duplexes with Legal Secondary Suites (...

Condo vs. Detached Home: Which is the Better Investment?

When it comes to investing in real estate, one of the most common questions homebuyers and investors in Winnipeg face is: “Should I invest in a condo or a detached home ?” Both property types have distinct advantages and disadvantages, and the right choice depends largely on your investment goals, lifestyle preferences, and budget. This article explores the pros and cons of each option to help you make an informed decision. 1. Initial Investment and Affordability Condos: Condos are generally more affordable than detached homes. In Winnipeg, the average condo price tends to be significantly lower than a single-family home, making it an attractive option for first-time investors or buyers with limited capital. Pros: Lower purchase price Easier mortgage qualification Lower property taxes Cons: Monthly condo fees Potential for special assessments Detached Homes: Detached homes usually require a larger upfront investment but offer more privacy and land value. The...

Why Many Nigerians Are Investing in Duplexes and 4-Plexes in Winnipeg

In recent years, more and more Nigerian families and individuals living in Canada have been investing in duplexes and 4-plexes in Winnipeg - and for good reason. With affordable prices, strong rental demand, and a fast-growing city, Winnipeg offers a unique opportunity to build long-term wealth through real estate. If you’re a Nigerian newcomer with permanent residency or a valid work permit, here’s why now is a great time to consider buying a multi-family home. What Is a Duplex or 4-Plex? A duplex is a residential property with two self-contained units - either side-by-side or one above the other. A 4-plex includes four separate units within the same building. These properties are popular for both living and investing because you can: Live in one unit and rent the others Rent out all the units to generate passive income Qualify for residential financing, even with multiple rental suites Why Nigerians Are Investing in Multi-Family Homes 1. Steady Rental Income Re...