Harmonized Sales Tax - What You Should Know Regarding Real Estate
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 new homes over the $400,000 price range, but not if your home firms up before June 28th.
Buy a home now and save a couple hundred dollars! That is all it is going to cost! Extra to sell your home and less than that to buy a home!
Call 705-791-5004 to discuss more about the HST.
Trevor Shaw
Sales Representative for RE/MAX Chay Realty Inc., Brokerage