HST

Recent surveyas show most Ontarians mistakenly beleieve the Harmonized Sales Tax ( HST ) applies to the full purchase price of their home or cottage purchase.
In fact HST is only levied on the transaction fees ( lawyer, appraisals, utilities ) associated with the purchase of a resale home or cottage.
With current avg. sale prices of $330,000 this is leaving potential buyers believing HST could add an additional $30,000 to the purchase price wen in fact there is no applicable tax.
If you were ever thinking of buying now is the time, interest rates are still low and there is a wide selection of available properties.