HST as it relates to home buying and selling

An Ipsos Reid survey commissioned by the Ontario Real Estate Association and made public Wednesday says that 56 %  of Ontarians mistakenly believe that the HST, which was implemented in July, applies to the reseale home market.  The HST which combines the PST and GST for a total of 13 percent does apply to certain parts of the transaction, such as legal, real estate and home inspection fees.  But it does not apply to the cost of a resale home.

 files from Tony Wong, the Toronto Star