In a recent survey done by Ipsos Reid on behalf of the Ontario Real Estate Association, it was found that 58% of Ontarians are still mistaken about how the HST is applied to resale home transactions. The survey shows that these Ontarians mistakenly believe that the HST is applied to the entire purchase price of a resale home. As Barbara Sukkau, president of OREA (Ontario Real Estate Association) points out, "The HST does not apply to the purchase price of a resale home. It only applies to transaction fees associated with the purchase of a resale home, such as Realtor fees and legal fees,".
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ONTARIO REAL ESTATE ASSOCIATION | 58% of Ontarians still mistaken about HST and resale homes.