https://lisasinopoli.com/wp-content/uploads/2018/10/16-001-LS-Logo-Broker-300x150.png 0 0 Lisa Sinopoli https://lisasinopoli.com/wp-content/uploads/2018/10/16-001-LS-Logo-Broker-300x150.png Lisa Sinopoli2010-11-17 14:49:002018-12-31 18:43:13Ending the HST Confusion
Alright, here’s the true usefulness of social media. Information and conversation happens much easier, and much faster, allowing us to clear up confusion on issues that perplex you.
Ontarians got extremely perplexed by HST last year. The new tax confused us all, and we were all asking,” how much is the tax, where is it applied, how is it going to affect my purchases and budgets?”.
Because the purchase of a home is a major expense and a life-long investment, the inclusion of HST has the potential to be the make-or-break factor when deciding to invest.
According to Ipsos-Reid and my monthly newsletter from OREA, Ontarians are confused to the point of damage to the Ontario housing market.
Let me help to clear something up:
HST does not apply to the entire purchase price of your resale home.
The Government of Ontario is going to launch a public awareness campaign with this fact because, the general confusion over the tax has potential purchasers completely inaccurate when estimating the cost of purchasing. People are off by tens-of-thousands and the result is hampering the Ontario real estate market. This isn’t good for anyone!
Confused? Let’s have a conversation about HST: