real estate: GST reduction
- 01/09/08 04:00 AM
A reduction in the GST from 6 per cent to 5 per cent was announced by the federal government on October 30, 2007. With regard to the purchase price of residential properties, GST only applies to sales of newly constructed and substantially renovated homes. GST is not applied to the purchase price of resale homes, but it does apply to REALTOR® commissions. The reduced rate will become effective on January 1, 2008; however, the reduced rate will apply to the purchase price of new homes immediately, subject to transitional rules detailed below (Note: This summary has been reviewed by the Canadian … (0 comments)
real estate: Your Savings with The Hassle Free System
- 01/09/08 03:36 AM
It's your money, that is why The Adams Family gives you choice when selling your home. Most agents will charge you the same commission, usually 5%, regardless of how your home is sold. The Adams Family has a no nonsense approach to commissions that keeps money in your pocket and can't be found anywhere except in "The Hassle Free System" Another agent represents the buyer. The total commission is: 5% (2.5% is paid to the co-operating brokerage) Another agent represents the buyer, however you have chosen to purchase another property using our services. The total commission is: 4.5% (2.5% is paid to the … (3 comments)
A reduction in the GST from 6 per cent to 5 per cent was announced by the federal government on October 30, 2007. With regard to the purchase price of residential properties, GST only applies to sales of newly constructed and substantially renovated homes. GST is not applied to the purchase price of resale homes, but it does apply to REALTOR® commissions. The reduced rate will become effective on January 1, 2008; however, the reduced rate will apply to the purchase price of new homes immediately, subject to transitional rules detailed below (Note: This summary has been reviewed by the Canadian … (0 comments)
;)
;)
