Real estate agents' fees for home-sellers will also be lower under provincial sales tax regime
Tue Mar 12, 2013 12:01am PST
Most B.C. residents will reap no tax savings if they postpone buying a home until the provincial government officially eliminates the harmonized sales tax and reinstitutes a provincial sales tax (PST) on April 1.
Homebuilders are hammering away at this message in an attempt to eliminate confusion among consumers, who wrongly believe that they will save tax if they wait to buy a new home.
"Builders are frustrated with the confusion in the public," said Bob De Wit, who is CEO of the Greater Vancouver Home Builders' Association. "It's a complicated issue."
Cost savings on the purchases of...