The HST and Real Estate

New Homes up to $400,000

No change*

New Homes over $400,000

Yes**

Resale Homes

No HST

Real Estate Commissions

Yes (changes to 13%)

 * The new housing rebate will be 75 per cent of the Ontario component of the HST, up to a maximum of $24,000. The rebate will ensure that buyers of homes priced up to $400,000 will, on average, pay no more tax than under the old PST system. However, applicable PST on building supplies is embedded in the price of the home.

** New homes purchased as primary residences, valued at $400,000 or more will be eligible for the maximum new housing rebate of $24,000.

http://www.rev.gov.on.ca/en/taxchange/taxable.html