What about GST, is it applicable?
Irina Bartnik- Notary Public • November 19, 2019
GST in a Real estate is tax that is applicable to the properties that produce income. It is responsibility of the Seller to collect and remit the GST. GST is often applicable on the residential properties that are owned by the companies, or to the properties that are used for short term vacation rentals. GST is almost always applicable on the sale of the empty lots.
Buyers are often surprised that they have to pay GST, as at the time of the offer this tax was not disclosed to them, or seller “did not know that it was applicable”. To make sure that you as a buyer do not get stuck with paying extra tax that you did not expect, insist in the clause in the contract : If GST is applicable it is included in the purchase price.
Call me if you have any more questions.
A decorative fence is to keep people away from the damaged monument for now 👉 More Details Here
Old mall in the centre of town made way for a new master-planned development 👉 More Details Here
Looking for a place where you can ride horses in the morning, garden in the afternoon, and still make it to Costco or a downtown meeting in under 40 minutes? Glen Valley might be precisely what you're looking for. In this video, I’ll take you on a journey through one of Langley’s most unique and underrated communities. Tucked just east of Fort Langley, Glen Valley offers privacy, space, and rural charm—without giving up convenience. Whether you’re dreaming of a one-acre homestead, a family farm, or a secluded country estate near Thunderbird Show Park, Glen Valley has something special for you. 📩 Want daily listings and weekly sold updates for Glen Valley? ➡️ Sign up here: https://rly.forsale/Glen-Valley 🌿 In This Video: ✅ Where is Glen Valley located ✅ What types of properties are available ✅ Why it’s a top choice for horse lovers and nature seekers ✅ What it means to live “off the beaten path” ✅ How to get real-time updates on listings and sold prices 📞 Ready to talk about buying or selling in Glen Valley? Let’s chat: 📅 https://calendly.com/andyschildhorn 📞 778.835.8957 📧 [email protected] 🌐 www.AndytheRealtor.com 💬 What draws you to Glen Valley? Is it the privacy, the space, or the connection to nature? Leave a comment below—I’d love to hear your thoughts! And don’t forget to like, comment, and subscribe for more insights on life and real estate in Langley and the Fraser Valley.
