HST is coming in a couple of months.  What effect will that have on the cost of buying or selling a resale home? 

While there is no tax on the price of a resale home, there will be HST on all services having to do with the transaction.  Some of those will include, but not limited to: Real Estate commissions, Legal fees, Home Inspector's fees, Appraisal fees and moving costs (truck rental or moving company).  

As the Seller usually pays the Real Estate commissions, most of the increase in cost is going to be felt by the Seller.

In order to avoid paying HST in relation to the buying or selling of your house you need to purchase and close before July 1.  You can save part of the HST amount if you sell your home firm prior to July 1, but do not move until after.

Call or email for more information.