The HST will not be on Condo Fees. However the unfortunate thing is most of the components of a Condo Fee are made up of services. Landscaping, Maintenance and Repair. As of July 1st These services will have HST 8% which is added to the 5%( GST) . The total tax is 13%. I understand water may not have HST but have not verified this.

So it is safe to say you will see budgets " stretched" and yes Condo Fees will increase by around 5% to 8%. There will be pressure on contractors to lower their prices as well.

So yes there is HST ( sort of ) ,

Carl  

One area of specialty is I had the opportunity to successfully manage Condominiums for a few years. I learned a great deal and it has complimented my Real Estate Business. I focus my marketing on Condominiums. I have been active in  Real Estate for 8 years and pride myself on my referral business that has grown consistently over the years. If you require information on Status Certificates, Rules and regulations and what type of Condominium would be best suited for you feel free to contact me.  Whether I sell you a house or a condo, one thing for sure is your phone call is always returned

It is important to make sure your lawyer and client when buying a Condo does not  bypass the rules and regulations section.  It amazes me  how people only focus on the financial stability of a condo , when sometimes a solicitor ignors the rules sections that could effect the use and enjoyment of the home.

As a former Condo Manager I thought it would be great to start my blog with this friendly tip of the day !!

” always read all the rules and regulations of a Condominum that you buy” Seems obvious but a necessary footnote   www.carlstars.com