HST Rebate: background info: I wrote about the HST issue a couple months ago, calling it the “Elephant in the Room” with respect to the pre-construction condo market. I wanted to follow up this post with my own personal experience with dealing with the HST rebates (New Residential Rental Property Rebate-NRRP) when buying a new […]
When it comes to condo investing one of the most confusing and most misunderstood subjects is HST and HST rebates. I have found a great guy that I want to introduce to all my condo investor clients and listeners of this podcast. His name is Mark Purdy and he is a tax consultant. Listen to the Ultimate Info Session on HST Rebates with Mark Purdy!
Andrew speaks with Mehrdad about finding a great investment in downtown Toronto for under $450K and why starting prices aren't always what has been advertised for certain projects. [popup_trigger id="36861" tag="button"]Ask a Question[/popup_trigger] TRANSCRIPT Andrew: Welcome to the Ask Andrew podcast, real questions from real condo investors. You ask, I answer. Hi, and welcome back to the [...]
The long predicted rush to beat the HST seems to be in full effect. Developers who have nearly finished buildings are rushing to get their remaining inventory over $400K sold and closed (building registered) before June 30th. For example, Empire Communities has School House Lofts in the Annex – a boutique collection of high-end condominium […]
Today is June 30th, 2010 which means that tomorrow is July 1st, 2010 – the day the earth will stand still as the dreaded HST era begins in Ontario.Today is quite possibly the busiest closing day in the history of Toronto. The last week of June is traditionally the busiest of the year for closings […]
NOTE: the following blog post is not to be considered legal or tax advice. I am not a lawyer or an accountant. I’m writing this strictly for informational purposes only. Always consult a lawyer when purchasing pre-construction real estate. ANOTHER NOTE: If you find this article confusing, good. That’s the number one point I’m trying […]
When buying a new condo, you need to be aware of the costs involved. Buying a new condo is not the same as buying a resale condo, there are additional costs you will incur on closing day. The sales people at the condo sales centres will NEVER bring any of these items to your attention. A […]
Continuing the Toronto Condo Assignment series, let’s take a look at the key advantages for buyers of assignment listings. Lower purchase price. Buying an assignment is sort of like having a time machine and being able to go back in time to purchase a condo today, at yesterday’s prices. Sellers know they have to price […]
The provincial government is proposing to harmonize the GST with the PST. This new tax will be known as the HST. This would underlying principle is to increase efficiencies by having just a single tax, however, some goods (like housing) that have never been subject to the PST, suddenly would be. This has many people […]
My Experience With the New Residential Rental Property Rebate (HST Rebate)
December 20, 2011 / by Andrew la Fleur / Insights
HST Rebate: background info: I wrote about the HST issue a couple months ago, calling it the “Elephant in the Room” with respect to the pre-construction condo market. I wanted to follow up this post with my own personal experience with dealing with the HST rebates (New Residential Rental Property Rebate-NRRP) when buying a new […]
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HST Rebates & Condo Investing with Tax Expert Mark Purdy
August 27, 2014 / by Andrew la Fleur / Podcast
When it comes to condo investing one of the most confusing and most misunderstood subjects is HST and HST rebates. I have found a great guy that I want to introduce to all my condo investor clients and listeners of this podcast. His name is Mark Purdy and he is a tax consultant. Listen to the Ultimate Info Session on HST Rebates with Mark Purdy!
Read more
How HST is handled when buying with a partner
February 9, 2018 / by Andrew la Fleur / Ask Andrew
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HST Rush Is On
April 12, 2010 / by Andrew la Fleur / Insights
The long predicted rush to beat the HST seems to be in full effect. Developers who have nearly finished buildings are rushing to get their remaining inventory over $400K sold and closed (building registered) before June 30th. For example, Empire Communities has School House Lofts in the Annex – a boutique collection of high-end condominium […]
Read more
June 30th – The Busiest Closing Day Ever?
June 30, 2010 / by Andrew la Fleur / Insights
Today is June 30th, 2010 which means that tomorrow is July 1st, 2010 – the day the earth will stand still as the dreaded HST era begins in Ontario.Today is quite possibly the busiest closing day in the history of Toronto. The last week of June is traditionally the busiest of the year for closings […]
Read more
The Elephant in the Room: HST
June 17, 2011 / by Andrew la Fleur / Insights
NOTE: the following blog post is not to be considered legal or tax advice. I am not a lawyer or an accountant. I’m writing this strictly for informational purposes only. Always consult a lawyer when purchasing pre-construction real estate. ANOTHER NOTE: If you find this article confusing, good. That’s the number one point I’m trying […]
Read more
Statement of Adjustments from Hell
July 27, 2011 / by Andrew la Fleur / Insights
When buying a new condo, you need to be aware of the costs involved. Buying a new condo is not the same as buying a resale condo, there are additional costs you will incur on closing day. The sales people at the condo sales centres will NEVER bring any of these items to your attention. A […]
Read more
Assignment Advantages For Buyers
April 15, 2009 / by Andrew la Fleur / Uncategorized
Continuing the Toronto Condo Assignment series, let’s take a look at the key advantages for buyers of assignment listings. Lower purchase price. Buying an assignment is sort of like having a time machine and being able to go back in time to purchase a condo today, at yesterday’s prices. Sellers know they have to price […]
Read more
New Details on The HST
June 22, 2009 / by Andrew la Fleur / News
The provincial government is proposing to harmonize the GST with the PST. This new tax will be known as the HST. This would underlying principle is to increase efficiencies by having just a single tax, however, some goods (like housing) that have never been subject to the PST, suddenly would be. This has many people […]
Read more