Activity is gaining momentum with the news of the removal of the tax on secondary homes.
British Columbia's Harmonized Sales Tax (HST) will be GONE ON APRIL 1ST! Thank goodness. This change and reduction will provide SAVINGS ON SEASONAL RECREATIONAL HOMES. The value-added property purchase tax will go from 12% down too 5%. THIS IS A SAVINGS OF $21,000 ON A $300,000 PROPERTY.
Now British Columbia and Alberta properties have a level playing field for investors. Buy now and close in April for these savings!
Read more about it here PDF
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