When housing boom meets rate-hike panic
Filed Under Main Content · Tagged: Atlantic Canada, Bank Of Canada, British Columbia, Estate Business, Executive Vice, Harmonized Sales Tax, Housing Boom, Hst, Interest Rates, July 1, Ontario Canada, Post Spring, Rate Hike, Real Estate, Sales Tax, Surprise, Term Interest, Vice President
Financial Post-Spring is typically a busy time for the real estate business, but this year may make others pale in comparison.
With new mortgage rules in effect April 19 that will make it tougher to borrow in some cases, the new harmonized sales tax (HST) in Ontario and British Columbia beginning on July 1, and the Bank of Canada likely to hike short-term interest rates, it’s no surprise buyers are becoming panicked.
"It’s extremely busy out there right now. There is clearly a shortage of properties for sale in many parts of the country," said Michael Polzler, executive vice-president of Re/Max Ontario-Atlantic Canada…
When housing boom meets rate-hike panic
Builders tinker with prices to fit the HST
Filed Under Main Content · Tagged: Burst, Developers, Fit, Globe And Mail, Globe Mail, Greater Toronto Area, Harmonized Sales Tax, Home Builders, Hst, July 1, New Homes, Outrage, Sales Tax, Tinker
The Globe and Mail- After a burst of outrage when it was first announced, home builders and high-rise developers across the province have reluctantly accepted that the new harmonized sales tax is here to stay come July 1.
Most affected are those operating within the Greater Toronto Area. With a $400,000 starting point for application of the HST, new homes in smaller centres will – in the main – be exempt…
Builders tinker with prices to fit the HST – The Globe and Mail
Harmonize this: HST will hit condo maintenance fees
Filed Under Main Content · Tagged: Budgets, Condominium, Executive Director, Homeowners Association, Hst, Maintenance Fees, Strata Corporation, Vancouver Sun
Vancouver Sun, Vancouver, BC – “The potential here is that strata corporation budgets and fees are going to be raised anywhere from three to seven per cent to cover costs,” Tony Gioventu, executive director of the Condominium Homeowners Association of B.C., said in an interview…
Harmonize this: HST will hit condo maintenance fees
A tale of two HSTs: Why B.C. is different
Filed Under Main Content · Tagged: Capital Investment, Consumer Goods, Faces, Hst, Hsts, Maritime Provinces, Provincial Sales Tax, Public Outcry, Sales Tax, Times Colonist Victoria, Times Colonist Victoria Bc, Trend
Times Colonist, Victoria, BC – As it faces a public outcry over the 12 per cent tax, which combines the seven per cent provincial sales tax with the five per cent GST, the B.C. government has pointed to the Maritime provinces, where the HST is linked to an increase in capital investment and a general trend to lower prices for consumer goods…
