How will the BC HST affect Your Victoria or Sooke Real Estate Purchase?

February 5th, 2010
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Cross-posted from 642Blog.ca - Sooke's only Community and Real Estate Blog

As of July 1st, 2010, the 5% GST and 7% BC PST will be replaced by a 12% Harmonized Sales Tax. How does this affect buyers of housing in British Columbia?

HST will only apply on new housing. Just like today with the GST, HST will not be applicable on previously-occupied, resale houses. I get this question all ...