Another Reason To Look Into The Mission Housing Market-Part Two

In July of 2010, a new tax will hit British Columbia.

This tax, the HST, (Harmonized Sales Tax), will affect NEW homes over $525,000.

Originally, the ceiling proposed by the government was $400,000, but efforts

by Realtors and other industry advocates got the ceiling raised.

In my area, which includes Mission, Abbotsford and Chilliwack,

this limit of $525,000 covers almost ALL townhomes and

apartments and many, many houses. For people working

in larger urban areas and wanting afforability, there are

freeways on both sides of the river as well as a commute

train called the West Coast Express.