Goods and Services Tax

The GST on a new home is 5% of the price. A GST rebate, equivalent to 36% of the GST paid, is available for new homes priced up to $350,000 and a partial rebate on new homes priced up to $450,000.

Buyers also pay the GST on fees for services from appraisers, home inspectors, lawyers, notary publics and REALTORS®.

 

The Disclosure Statement is a document detailing everything the developer intends to do on the project.   

 

​A developer may not enter into a purchase agreement with a purchaser for the sale or lease of a development unit unless a copy of the Disclosure Statement has been provided to the purchaser, the purchaser has been afforded an opportunity to read the Disclosure Statement, and the purchaser has signed a written statement acknowledging that the purchaser had an opportunity to read the Disclosure Statement. ​

QUESTIONS?  Contact Us!

For more information:  

https://www.bclaws.ca/civix/document/id/complete/statreg/04041_01#division_d2e1888

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T: 778-710-8860   

T: 604-601-2028

CREIA REAL ESTATE SERIVCES INC.

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