When it comes to the 13-per-cent harmonized sales tax kicking in July 1, lots of home buyers and sellers appear to be in for a big surprise, says the Canadian Real Estate Association.
“I run into people who still don’t know its coming,” says association president Pauline Aunger. “There are people who don’t listen to the news or read the newspaper.”
The controversial tax doesn’t apply to resale homes, but it does hit new ones — with a 75-per-cent rebate on the first $400,000 of the price tag — as well as real estate commissions, legal fees, home appraisals and moving costs.
Read the full article, “HST to ding home buyers July 1” at yourhome.ca (April 15, 2010).