HST blamed for the slowdown, reports Royal Lepage!

A recent survey conducted by Royal Lepage in Ontario and reported in the September issue of REM says that people in Ontario and B.C. have misconceptions about how the HST affects real estate transactions. Many home buyers incorrectly believe HST applies to the sale price of resale homes. The HST applies to the purchase price of a newly built home and fees for services and commissions associated with any real estate transaction, but it does not apply to the purchase price of resale homes.