Daniel Foch on YouTube
Resale vs New Build: What Is The $130k Tax Difference You Need to Know?
Published September 26, 2026
Topics: Taxes
About this video
GTA Housing Shift: New Builds Now Cheaper Than Resale (GST/HST Rebate Explained)
See the list of new builds priced less than resale: https://danielfoch.list.house/share?src=cloud&ref=bd1c4a31-c728-48ee-b64f-13c901df635f
View the full report: https://www.homiesai.com/research/keswick-queensville-new-vs-resale-hst-rebate
The script argues that GTA real estate is entering a sustained deflationary period, highlighted by data showing some Ontario markets where brand-new homes can cost the same as or less than resale homes after the temporary GST/HST removal. Using East Gwillimbury and Georgina (Keswick/Queensville) as a case study, it cites examples where new freehold towns and detached homes price at or below local resale averages, alongside falling resale benchmark prices, rising buyer’s-market inventory, and new-home sales running 3.5–4x last year. The speaker explains this as substitution: builders, burdened by unsold inventory, are pricing the tax savings into lower list prices, pulling buyers from resale, and increasingly offering realtor commissions on freehold projects. The episode notes timing rules, risks (closing delays, appraisal and closing costs, deposits), and provides links to an AI-built report and project list.
00:00 New Builds Cheaper
01:11 Rebate Changes Market
02:55 Builders Cut Prices
03:42 US Parallel Trend
05:44 Keswick Price Proof
06:38 Sales Surge Explained
09:20 Local Cycle History
11:20 Resale Weakness Data
14:10 Side By Side Comparisons
16:18 Realtor Commissions Shift
18:39 Queensville Gap Widens
21:17 Shopping Warnings
23:30 Substitution Economics
26:10 Who Should Act Now
27:07 Risks And Next Steps
28:16 Final Buyer Question
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