Aleya Bhaloo

Cell: 604-209-4504 |

Harmonized Sales Tax (HST)

All residents of British Columbia are aware by now that commencing July 1, 2010 that the Provincial Sales Tax (PST) and the national Goods and Services Tax (GST) will be combined into a single tax called Harmonsized Sales Tax (HST).  The new rate of 12% combines the current rate of 7% PST and the 5% GST.   This obviously impacts everyone in their daily lives, but I wanted to summarize the implcations as they relate to real estate.  I have attached a complete summary published by the Vancouver Real Estate Board that can be accessed be clicking on the following link:  HST Client Information.


The first major item to clarify is that HST does NOT apply to homes that are being purchased as a resale, only to new homes.  HST does however apply to the following items associated with purchasing either a new or resale home;

  • Home Renovations

  • Energy Efficient Appliances, Insulation, Windows and Doors

  • Heating, Electrical, Telephone and Cable Bills

  • Closing Costs including Appraisals and Inspections

  • Realtor Fees

  • Moving Costs

For the purchase of New Homes, there are rebates available for certain types of homes.  Please review the HST Client Information for the details or give me a call to discuss.



The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.