Monthly Archives: January 2010

BC HST is Only Payable on BRAND NEW PROPERTIES!

BC HST and Vancouver Real Estate Hi All, There are A LOT of misconceptions about British Columbia's Harmonized Goods and Services Tax and Vancouver Real Estate. The one I hear most is that HST will payable on all real estate transactions in BC. This is not true! HST in BC will ONLY BE PAYABLE ON BRAND NEW PROPERTIES! These are properties that have never been registered at the Land Titles Office or have never been transferred out of the ownership of the developer/builder. Quick Facts on BC's HST BC's HST comes into effect on July 1, 2010 and is 12%.… Find out more