PST Rebate is back
Prices are Reduced on Select Homes
UNVEILING NEW OPPORTUNITIES IN HOMEOWNERSHIP: LATEST INCENTIVES FROM THE GOVERNMENT OF SASKATCHEWAN
Exciting news awaits prospective home buyers in Saskatchewan! On October 31, 2023, the Saskatchewan government introduced two groundbreaking initiatives that promise to reshape the landscape of home ownership: the PST Rebate for New Home Construction and the Secondary Suite Incentive (SSI) Grant Program. These initiatives not only contribute to increased affordability in home buying but also open up avenues for the creation of additional living spaces within your property. Let’s delve into the specifics.
PST REBATE FOR NEW HOME CONSTRUCTION
A game-changer for those in pursuit of a new home, the Provincial Sales Tax (PST) Rebate for New Home Construction offers buyers the opportunity to receive a substantial 42% reimbursement on the PST paid for new, previously unoccupied homes. Key details include:
- Effective Period: Retroactively applicable from April 1, 2023, this rebate is in effect until March 31, 2026.
- Eligibility Shift: The maximum eligible home price has seen a notable increase of $100,000, now capped at $550,000 (excluding land). The rebate gradually decreases for homes priced between $450,000 and $550,000.
For a comprehensive overview of this program, please click here.
EMBRACING AFFORDABLE LUXURY: RICHMOND ENTERPRISES’ ROLE IN MAKING YOUR DREAM HOME A REALITY WITH SASKATCHEWAN’S LATEST REBATES AND GRANTS
At Richmond Enterprises, we are thrilled to channel these cost savings directly to you, the homebuyer. This initiative empowers us to slash prices on select new builds, making your dream home more attainable than ever. 🏡 Discover the home of your dreams with Richmond Enterprises! We’re excited to present a captivating selection of homes in three distinct communities: Kensington Greens, The Towns, and Royal Park. These homes offer a blend of natural beauty, modern elegance, and refined luxury, starting from just $399,000. Now’s the perfect time to make your dream of homeownership a reality. Contact us today to take the first step toward finding your perfect home in one of these exceptional communities. Explore our enticing range of eligible properties situated in our sought-after communities. Discover the home of your dreams with Richmond Enterprises and take advantage of the benefits offered by the PST Rebate for New Home Construction.
EXPANDING POSSIBILITIES IN HOMEOWNERSHIP: RICHMOND ENTERPRISES AND THE SECONDARY SUITE INCENTIVE (SSI) GRANT PROGRAM
Richmond Enterprises is thrilled to introduce you to the innovative Secondary Suite Incentive (SSI) Grant Program, a remarkable opportunity to enhance the value of your property. This program provides a 35% cost coverage, up to $35,000, for constructing a new secondary suite in your primary residence. Here’s why this program stands out:
Diverse Options: Eligible suites encompass basement, garden, laneway, and garage suites, each featuring separate entrances, full kitchens, and bathrooms while complying with all relevant bylaws and standards.
Conversion Eligibility: The program extends to covering the conversion of existing spaces in your home into a secondary suite.
Program Duration: This opportunity remains available until March 31, 2026, with comprehensive guidelines and application forms accessible from January 2024. Learn more about the SSI Grant Program here.
The versatility and potential income from a secondary suite make the SSI Grant an attractive option for new homeowners. Richmond Enterprises is dedicated to delivering value and quality to our clients. These new government initiatives seamlessly align with our mission, allowing us to provide more affordable housing options and flexible living solutions. Whether you’re a first-time homebuyer, a growing family, or an investor, these rebates and grants open doors to new possibilities. Join us in exploring these exciting opportunities and take the first step towards your dream home in Regina. Click here to get in touch today!