Today the BC government came out with their transitional rules for the HST when purchasing a newly constructed home.
As of April 1st the new threshold will go from $525,000 to $850,000 which is a substantial increase and with that the maximum rebate will go from $26,250 to $42,500. Considering the majority of house sales are under $850,000 this will be a big help to Buyers going forward.
The Liberal government has set up a website regarding the return to PST and the charts on the following link are easy to understand as they explain the difference
"Most amazing group of People who truly work together as a team. Rachael is 100% fully invested in what it is your looking for and is always readily available and updating you on the new / the old and the current market and very professional while being very personable. We wouldn't hesitate to recommend Rachael or any one from the Balance Real estate group for any of your real estate needs . Thank you all for making the sell of our home and the buying of our new home a seamless success"