Fortunately, home buyers choosing to purchase a resale home don’t have to worry about paying HST on the price of their home. That’s money that they can keep in their pocket, or use to keep their mortgage costs down.
Posts Tagged ‘tax’
HST will not affect resale homes
Posted: 20th July 2010 by Laurin Jeffrey in Buying Real Estate, New Condos & Lofts, Real Estate Taxes, Toronto Real EstateTags: buy, buyer, buyers, consumers, CREA, credit, estate, first, Goods and Services Tax, government, GST, hard, harmonized sales, Harmonized Sales Tax, home, home buyers, homebuyer, homebuyers, housing, hst, increase, July 1, land, land transfer tax, Land transfer taxes, mortgage, mortgage costs, mpac, new, new home, new housing, ontario consumers, property tax, Property Taxes, provincial government, Provincial Sales Tax, PST, purchasing a home, purchasing a new home, real, real estate, real estate board, real estate transaction, real estate transactions, reduce, rent, renting, resale home, resale homes, resale housing, sale, sales, sales tax, tax, tax burden, tax credit, toronto, toronto real estate, Toronto Real Estate Board, transfer
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Canadian new home prices up by 0.3% in May
Posted: 12th July 2010 by Laurin Jeffrey in Affordable Housing, Buying Real Estate, Central Toronto Real Estate, First Time Buyers, New Condos & Lofts, North York Condos, Other Real Estate Markets, Toronto Condos, Toronto Real EstateTags: affordability, average price, builders in canada, buy, buyer, buyers, canada, canada mortgage and housing, Canada Mortgage and Housing Corp, Canada Mortgage and Housing Corporation, canada report, canadian, canadian housing, chief economist, City of Toronto, commodity prices, condo, condo builder, condo builders, condo market, condominium, condominium sales, condominiums, CREA, development, economist, estate, existing home, existing home market, existing homes, for sale, harmonized sales, Harmonized Sales Tax, home, home builder, home builders, home prices, homes in Canada, housing, Housing activity, housing corp, housing market, housing prices, increase, interest rate, Interest Rates, investors, ird, land, lease, low interest rates, market, market conditions, mortgage, mortgage rate, mortgage rates, mpac, new, new home, new home builder, new home builders, new home prices, new homes, new housing, new housing development, north york, price increases, prices, project, real, real estate, real estate board, real estate market, rent, renting, resale home, resale homes, resale market, sale, sales, sales tax, selling, square foot, Statistics Canada, target, tax, toronto, toronto condos, toronto market, toronto real estate, Toronto Real Estate Board, yourhome
New home price increases have been restrained in comparison to the existing home market. Buyers trying to take advantage of low interest rates and not willing to wait for new product have bid up the prices on resale homes.
More balanced market conditions expected
Posted: 6th July 2010 by Laurin Jeffrey in Buying Real Estate, Selling Real Estate, Toronto Real EstateTags: 2010 toronto real estate, affordability, average price, buy, buyer, buyers, condo, condominium, condominium apartment, condominium apartments, condominium lifestyle, CREA, decline, for sale, gap, greater toronto, greater toronto area, gta, harmonized sales, Harmonized Sales Tax, home, homebuyer, homebuyers, housing, housing market, increase, interest rate, Interest Rates, July 1, listings, market, market conditions, price increases, prices, real, realtor, rent, resale housing, resale housing market, rising interest rates, sale, sales, sales tax, selling, selling a home, specifics, strong sales, tax, time, toronto, Toronto area
The Greater Toronto Area resale housing market has been very active in recent months. Sales in February, March and April all set monthly records.
First-time homebuyers want new, detached homes but expect a deal
Posted: 6th July 2010 by Laurin Jeffrey in Buying Real Estate, First Time Buyers, General Real Estate, Mortgages and Financial Information, Other Real Estate Markets, Toronto Real EstateTags: asking price, bank survey, buy, buyer, buyers, canada, canadian, canadians, closing costs, condo, condominium, condominiums, condos, detached home, down payment, economist, Economists, financial decisions, first, first time home, first time home buyer, first time home buyers, first time homeowners, First-Time Homebuyers, home, home buyers, homebuyer, homebuyers, homeowners, housing, housing market, interest rate, Interest Rates, interest rates rise, land, land transfer tax, market, mortgage, mortgage insurance, mortgage specialist, national trend, new, new home, older home, pre approved mortgages, pre-approved mortgage, real, semi-detached homes, tax, td, td bank, td canada trust, time, time home buyers, transfer, unreasonable expectations, west
A majority of Canadians who just bought or are about to buy their first home expect to pay less than the asking price and prefer newer and detached homes over older and semi-detached homes or condos
No bubble trouble to report here
Posted: 4th July 2010 by Laurin Jeffrey in Buying Real Estate, General Real Estate, Mortgages and Financial Information, New Condos & Lofts, Toronto Condos, Toronto Real EstateTags: asking price, banking system, bubble trouble, business cycles, buy, buyer, buyers, canada, competition, condo, condominium, condominium suite, condominium suites, condominiums, condos, Conservative, CREA, demand for housing, economy, estate, government, gta, home, home builder, home builders, home buyers, home owner, home owners, home ownership, home sales, homeowners, house in toronto, housing, immigrants, intensification, interest rate, Interest Rates, investment, investors, market, mortgage, mortgage rate, mortgage rates, municipalities, neighbourhood, neighbourhoods, new, new home, new homes, prices, provincial government, real, real estate, real estate market, rent, risk assessment, sale, sales, speculators, tax, time, toronto, Toronto area, toronto life, toronto neighbourhood, toronto neighbourhoods, ups and downs, Waterfront, west, world stage
The one prediction that has come true, is that this year we would return to a normal real estate market — and that’s exactly what has happened.