Did the rules with HST change again recently ..? I know HST for houses more then 400K ..
I was looking for a TH in Milton for about 300k and the construction company said that if it is a investment or a second house.. then 13 % HST is now applied ...
I am a Canadian citizen, work in US on H1 and pay my taxes in US and Canada and have 1 house in Milton which I had to rent since I am working in US ...
Since real estate is up significantly I was planning to buy a second property ..
Looking up for some inputs from folks on the Canadian Desi.
hi,
I think, i could answer your questions, but at this point of time, i have to confirm from my brokerage.
would you send an email to my address - and we will discuss the matter.
thanks again
rapid rash
Landlord held hostage by real-estate investments
http://www.financialpost.com/personal-finance/family/Landlord+held+hostage+real+estate+investments/3988718/story.html#ixzz18aMozYuT
http://www.theglobeandmail.com/report-on-business/commentary/barrie-mckenna/why-mark-carneys-speaking-to-more-than-you-and-your-neighbour/article1843910/
Quote:
Originally posted by pr13
Did the rules with HST change again recently ..? I know HST for houses more then 400K ..
I was looking for a TH in Milton for about 300k and the construction company said that if it is a investment or a second house.. then 13 % HST is now applied ...
I am a Canadian citizen, work in US on H1 and pay my taxes in US and Canada and have 1 house in Milton which I had to rent since I am working in US ...
Since real estate is up significantly I was planning to buy a second property ..
Looking up for some inputs from folks on the Canadian Desi.
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Ram Saravanan
REALTORĀ®
Homelife Landmark Realty Inc. Brokerage
Tel: 647-200-2266
Please review some tips on Real Estate Investment:
1. Do not overanalyze. You may lose a lot of great opportunities to make great deal of money. Start making offers!
2. Get the property under a contract first with a safety clause.
3. Ask fellow investors, real estate broker about the property value. If it makes sense go ahead with the purchase.
4. If you are buying for a quick flip neighborhoods do not matter. What matters is the $$$ you are going to make.
5. Your perfect buy should be a house/condo/building in excellent condition and in a good neighborhood.
6. Your Second choice should be a cosmetic fixer in a good neighborhood.
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