With the introduction of the harmonized tax on July 1, 2010 resale homes will be exempt from PST. The real estate commission fee with be subject to PST and GST.
New homes over $400,000.00 will be subject to both PST and GST.
If you are thinking of selling - take advantage of this strong sellers market and list your home sooner rather than later.
Rosemary Mauro
Salesperson
Re/Max All-Stars
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