Demand for new homes and luxury residences in B.C. could spike when the PST/GST system is re-introduced in March of 2013, said Chief Economist Cameron Muir of the BC Real Estate Association. Purchasers of new dwellings, and those with a value greater than $1 million, might choose to hold off until after the HST’s termination, [...]

According to Peter Simpson, not too many home buyers are waiting until the referendum on the harmonized sales tax is finished before making their purchase. “I think people are smarter than that,” said the president and CEO of the Greater Vancouver Home Builders’ Association. In a phone interview with the Georgia Straight, Simpson related that [...]

The B.C. government is working toward holding a provincewide referendum June 24 on the controversial harmonized sales tax. Attorney General Barry Penner said Friday that the government decided to move up the mail-in vote after listening to HST critics and others concerned about holding the referendum next September, as originally planned. The referendum question will [...]