Whoever mentions the word HST is going down...ooops!
Ok, so the government came up with a new tax now called HST (harmonized sales tax) and the whole country is apposed. So apposed that they are bringing down the conservatives. I'm not too educated on how this new tax will affect the economy however, one of the proposed exemptions will apply to new construction homes above $450K (correct me if I'm wrong) That means that homes currently under $450,000 will not be taxed. What's wrong with that? I have had many a buyer change their mind on buying a very nice home just on the notion that they would have to pay an additional 5% GST. Only time will tell how HST will impact the economy. I think we will see very soon.
If you or someone you know is thinking of buying or selling property in, Kamloops BC. - or if you would like more information please give Tom Ikonomou of BEST-WEST Realty a call at- 250-554-4511 or e-mail at homes@forsalebytom.com
Copyright © 2009 By Tom Ikonomou, All Rights Reserved. All photos by Tom Ikonomou. All information provided by this author is only an opinion, it is not guaranteed, may be based on information collected from several sources, and may be time sensitive. It is not necessarily representative of the opinions of BEST-WEST Realty Ltd..