No HST on new builds: What Ottawa buyers need to know

Ontario and federal governments have eliminated the 13 per cent HST on new homes valued up to $1 million, with a maximum rebate of up to $130,000, effective April 1. CTV's Natalie Van Rooy spoke with Ottawa homebuyer Rakesh Arunachalam, ReMax Absolute Walker Realty agent Tyler Posadovsky, and mortgage broker Frank Napolitano of Mortgage Brokers Ottawa, all of whom say the measure is already shifting buyer behaviour in the capital. The rebate is set to expire March 31 of next year, though Napolitano said an extension is possible, and the provincial government has also committed to reducing development charges by up to half for three years.

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Видео No HST on new builds: What Ottawa buyers need to know канала CTV News