However, high interest rates could cloud the rosy outlook

(Source: Globe and Mail)

When the British Columbia government unveiled plans in July for a harmonized sales tax to kick in on July 1, 2010, consumers fumed over the timing – the new tax was announced a few months after Premier Gordon Campbell secured a third term – and potential price hikes for everything from haircuts to hamburgers. Then they started thinking about how they could beat it – by, for instance, buying or building homes to sell before the new levy kicks in. Result: As outlined in a new housing forecast from Central 1 Credit Union, a hot housing market driven in part by the pending HST. Higher interests rates could cloud the rosy outlook.

Read Wendy Stueck’s full article “Looming HST heats up B.C. home sales” in the Globe and Mail (October 21, 2009).

Developments featured in this article

More Like This

Facebook Chatter