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Old 2009-03-25, 07:46 PM
kaydy kaydy is offline
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Join Date: Feb 2009
Posts: 111
Default New update !!

Here is what I heard on 680 NEWS. Tomorrow, the province would announce they have agreed to harmonize the tax and this process will take couple of months. Certain things will be exempted and the worse news for most of us is that new home purchases would be exempt under $400,000.00.

This is terrible news !! Take for example Starlane home listed at $397,000. The problem is that we have decors and other upgrades rolled into the mortgage that would take the price over the threshold.

Again, this is just what was announced over the radio and should be confirmed tomorrow.
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