I just read over parts of an email I got with regards to the confusion with HST. When it comes to Real Estate and New Home construction there is allot of misunderstanding and it drives me nuts that the Home Builders Association does not do more in the way of promoting the positives for the consumer. If your looking to buy new construction the cost today should be lower. In pre-HST they had PST they could not claim back and passed on to the consumer bu now with HST they can claim back the entire tax which should be passed on to the buyers = lower price compared to pre-HST. Anyways, I am not an expert in tax but wanted to get out the general thought that HST for new construction should equal lower prices if the tax savings get passed on as they should.
Here is a new site for more info:
The HST Information Office launched www.hstinbc.ca a new website designed to put more factual information on the HST in the hands of British Columbians. Public opinion research released in December showed that there is confusion about the HST’s implications, and that a majority of British Columbians are interested in reviewing straightforward and factual information about the HST. The new website was created from a user perspective, based on a review of user surveys, site analytics and polling research. The site has an improved navigation system, so users can find facts and information faster. With a simple URL — www.hstinbc.ca — web users now have access to HST information from a consumer, family-budget, and small- or large-business perspective.
Hopes this helps! Have a super 'Super Bowl Sunday'.
Best regards Dean Birks Top Office Producer 2010