After the HST end date, those who buy a home built before April 1, 2013,
will pay a two per cent transition tax on the full house price, he said.
B.C. home builders and renovators expect business will pick up
after the HST disappears in 2013.
New rules could mean good news for the home renovation business.
PST-GST system now coming into play may have those people that
were sitting on the fence before all of a sudden start thinking seriously
about that renovation again.
Business will pick up during the transitional year, but the real push will
come when the HST actually disappears as of April 1, 2013.
This will spark the economy because construction is — and home
renovation and new home construction — is one of the biggest drivers
in the economy.
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