vancouver realtor-Vancouver realestate-Vancouver realestate specialist-Vancouver

The End of HST as of April 1, 2013


In April 1, 2012, the government raised the HST rebate threshold for new home buyers
to $850,000, up from the current $525,000, meaning more than 90 per cent of newly
built homes were and are eligible for a provincial HST rebate of up to $42,500.

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.


Business picking up


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.

Please copy and past video to web browser.

Give me a call with more details.

Carmen Leal  Direct Line: 604-218-4846



No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Your email will not be published
Your Email: *
Comment: *
Please type the text as it appears above:



Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.