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HST and Resale Homes – How does this affect you as a Mississauga Home Buyer or Seller?

Confused about how the new Harmonized Sales Tax (HST) affects your home purchase? If you are buying a resale home in Mississauga or anywhere in Ontario, there is no HST on the purchase price. If you are a first time home buyer, you are eligible for a rebate of the land transfer tax up to $2000.

If you buy a new home as your primary residence up to $400,000, there is no HST on the purchase price.

Here is the Minister of Revenue and TREB president explaining how this all works.

Keller Williams Real Estate Associates.
BUS 905-812-8123
FAX 905-812-8155 DIRECT 905-785-7282
E-MAIL : mailto:gail@gailsellshouses.com?subject=Mississauga
Website : www.gailsellshouses.com

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