New Mortgage Rules Help Stabilize Canadian Real Estate | Vancouver ...

Said Mastracci after the latest mortgage changes were announced: “The repayment of debt is a best investment for many, particularly in jittery times, and it's risk free.” Two rules of thumb are not to go into debt for consumer purchases ... Vancouver Island Real Estate Board has just released a new article on the HST and how it will affect your home purchases. The Harmonized Sales Tax came into effect on July 1, 2010. It is a combination of the 7% Provincial Sales Tax ...

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