Here’s a question from a reader of the blog: I saw on a listing for a new house “Net HST Included.” What does this mean? New homes in British Columbia are subject to the HST of 12%. However, to lessen the impact, there is also a rebate from the Provincial government on a slidingContinue reading “What Does Net HST Included Mean?”
Tag Archives: new housing
How Will The BC HST Affect Your Home Purchase In Sooke or Victoria?
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 getContinue reading “How Will The BC HST Affect Your Home Purchase In Sooke or Victoria?”