Comments on: BC’s HST Threatens Housing Recovery

By: Chris

Chris — Fri, 28 Oct 2011 13:39:28 +0000

I don’t know, the affordability hasn’t improved out there. That was the central point.

By: Vancouver

Vancouver — Fri, 28 Oct 2011 07:29:12 +0000

Guess this is a dead issue now.

By: Richard

Richard — Mon, 10 May 2010 15:30:23 +0000

Excellent article. As an update, the BC HST Housing rebate was increased in November 2009 from a maximum of $20,000 to $26,250 on purchasers of new homes up to $525,000.

By: Chris

Chris — Tue, 11 Aug 2009 19:16:51 +0000

Thanks Jordy, I actually didn’t’ even really consider the HST changes as a potential impact pushing people to buy sooner. My Realtor here said yesterday that she’s had a lot of calls from people getting off the fence and wanting to buy now. Have you seen the same?

By: Burnaby Real Estate Agent

Burnaby Real Estate Agent — Tue, 11 Aug 2009 08:15:21 +0000

I think that now that we are just beginning to have enough confidence to buy start buying again, that this is a bad time to raise taxes… The people should have been consulted on this one.

By: Blake Wyatt

Blake Wyatt — Wed, 05 Aug 2009 19:04:26 +0000

It will be interesting to see how this plays out. Right now it’s proposed to implement the tax in June of 2010. This gives plenty of time for the provincial government to re-evaluate certain components of the tax. The Home Builders Association and restaurant associations are up in arms over the proposal, and both groups have a LOT of political pull.

If the tax is implemented, obviously there will be a significant effect on new home sales. What I’m most interested is to see how the demand for re-sales will be effected.

Only time will tell, but it’s just another reason that Alberta is a more attractive place to invest.