After July 1, 2010, every residential real estate transaction in Ontario will face a significant tax increase. Specifically, home buyers and sellers can expect to pay 8% more on legal fees, appraisals, real estate commissions, home inspection fees, moving costs and the provincial government’s forthcoming system of mandatory home energy audits.  While the impact  of the tax will…

Here is an interesting article from the National Post last week. My guess is that most consumers are unaware of the fact that the government has added a May 1 deadline clause for the HST – not July 1st as most believe it to be for renovations. This could translate to significant additional costs for any homeowner…