Sales taxes
For those people looking to purchase a new home, the HST will be applied to any amount over $525,000. (Increased from its original $400,000 threshold)
HST does not apply to the price of used homes.
HST is also applied to any other services connected with real estate including: home inspectors, appraisers, legal fees, closing costs, and processing fees associated with buying a home.
The maximum Ontario new housing rebate amount that
is available is $24,000.
The maximum British Columbia new housing rebate
amount that is available is $26,250.
Information may vary province to province. Always ask before signing an offer.
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