The Harmonized Sales Tax also known as HST WILL NOT AFFECT RE-SALE HOMES! It will only affect the Real Estate Commission, Lawyer Fees & Home Inspection Fees. The HST also starts July 1st, 2010 for houses sold. If your deal is firm before June 28th, the HST will NOT apply. HST will apply only on [...]
From The Ontario Ministry of Revenue : http://www.rev.gov.on.ca/en/taxchange/hst.html
As announced in the 2009 Ontario Budget, the Provincial Sales Tax (PST) will be replaced with a more modern, value-added tax that will be combined with the federal Goods and Services Tax (GST) to create a Harmonized Sales Tax (HST) for Ontario, effective July 1, 2010.
The provincial portion of the [...]
For the month of May, in the Barrie Real Estate Market, home sales are way down from the previous year. Sales are slightly close to the slump that the Barrie Real Estate Market had during the slump of 2008. The exact numbers of house sales will not be out until late Friday but it looks [...]
