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John Coulthard
Macdonald Realty Westmar
#203 - 5188 Westminster Hwy, Richmond, BC
P: 604-209-8424
F: 604-279-1887
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Monday, May 17, 2010 -

"HST" and Real Estate.  Unless Bill Vanderzalm works miracles, it looks like the HST will be kicking in July 1.  Now I think one of the biggest misconceptions people have is that they will have to pay this 12% Tax when they buy a home.  Not true!  As with the GST, HST only applies to new construction, and again it will be scaled down depending on the price of the new construction.  As before, if you are looking for an "existing house" (or ReSale if you will), you do not have to pay HST on it.  ... Full Article...

posted in General at Mon, 17 May 2010 12:17:33 -0700



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