Today, the Ontario government tabled the 2026 budget, A Plan to Protect Ontario. A copy of the government release can be found here.
There were no new housing-related items or initiatives, with the exception of the following three:
- The previously announced HST reduction on all new homes for the period of April 1, 2026, to March 31, 2027. A full detailed description of this announcement, which occurred on March 25, can be found here.
- An investment of $210 billion in a 10-year capital plan, which includes $37 billion in 2026 and 2027 to build highways, transit, and community infrastructure, with no further details about what will be included in the community infrastructure component.
- The Province will work with the Federal Government to provide funding to eligible municipalities that act to significantly reduce development charges and, in doing so, make housing more affordable.
Scott Andison, CEO of the Ontario Home Builders' Association, said, “We welcome the Ontario government’s 2026 budget, including the HST relief on new homes and its significant infrastructure commitment. Aligning these investments with housing-enabling infrastructure will be key to supporting new supply across the province.”
As a reminder, OHBA and BILD will be hosting two webinars for our members:
Friday, March 27 – 10:30 am
Ontario Budget 2026: What It Means for Our Members
This session will highlight key announcements, policy changes, and funding priorities affecting builders, developers, and renovators across the province.
Register Here
Tuesday, April 7 – 9:00 am
Changes to Sales Tax (HST) with MNP
BILD and OHBA are partnering with MNP to provide members with implementation guidance regarding the removal/reduction of harmonized sales tax (HST) on new homes.
Register Here
Although there was little new news in today’s budget for housing, other anticipated initiatives are being advanced and implemented outside the budget.
