Let’s not worry about the HST

On July 1, the harmonized sales tax will go into effect, adding 8% to all service fees related to real estate (as well as lots of other things).

Generally speaking the HST will add 1-2% to the price of buying a house. At the same time, the price increases we have been witnessing over the past ten years is expected to slow from 18% last year to 1.75% next year. I see it basically as a wash. I see the HST as a nonissue.

It is what it is.

It’s like buying a car; the numbers keep changing but the price remains the same.

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