The week’s best fixed and variable mortgage rates

Premier Doug Ford announced that Ontario will extend sales tax breaks to additional buyers of new-build homes, creating major discounts for qualifying purchasers. The policy is likely to support demand and benefit Ontario homebuilders and the residential real estate sector while reducing provincial sales-tax revenue; expect a modest, sector-level market reaction rather than a market-wide move.

Analysis

Premier Doug Ford announced that Ontario will extend sales tax breaks to additional buyers of new-build homes, creating major discounts for qualifying purchasers. The policy is likely to support demand and benefit Ontario homebuilders and the residential real estate sector while reducing provincial sales-tax revenue; expect a modest, sector-level market reaction rather than a market-wide move.