56% mistakenly believe HST applies to purchase price
Toronto, Ontario, October 27, 2010 –
An Ipsos Reid survey commissioned by the Ontario Real Estate Association (OREA) and released today reveals that fully 56 percent of Ontarians mistakenly believe that the new Harmonized Sales Tax (HST) applies to the full purchase price of a resale home. In fact the HST is only levied on the various ...
Posted by Carol Ireland
on October 27, 2010
If you are in the market for a ski chalet or maybe a year-round retirement home in the Georgian Bay Triangle, a word of advice: Start looking now. The next six months could see a boom in both new and resale properties in areas such as Collingwood and Blue Mountain.
What happens after that, however, is anyone's guess. The new harmonized sales tax kicks in July 1, instantly raising prices.
On what ...
Posted by Carol Ireland
on February 3, 2010
OTTAWA, October 8, 2009 — The seasonally adjusted annual rate1 of housing starts reached 150,100 units in September compared to 157,300 units in August, according to Canada Mortgage and Housing Corporation (CMHC).
“The decline in housing starts in September is attributable to the volatile multiple starts segment,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. ...
Posted by Carol Ireland
on October 17, 2009