13% HST, GST and PST to become HST. Harmonized Sales Tax and its impact on the sale of residential homes in Oakville. Based on the average sale price of a home in Oakville of approximately $520,000: the following are some of the additional costs you can expect to pay.

Taxable Service Current Tax Payable HST Tax Payable New Taxes

Legal Costs $50.00 $130.00 $80.00
Home Inspection $20.00 $52.00 $32.00
Moving Costs $50.00 $130.00 $80.00
Title Insurance $28.00 $48.00 $20.00
Home Appraisal $15.00 $39.00 $24.00
Home Energy Audit $15.00 $39.00 $24.00
Real Estate Commission $1300.00 $3380.00 $2080.00
(based on 5%)

The additional "value added" HST tax will increase a client's costs by approximately $2340.00; the majority of those costs attributed to the seller.

Additionally, it is expected that HST will be charged on monthly common expense payments, high ratio insurance premiums and likely some of our registration costs. This information is provided to you for information purposes only, some of the above figures are from the OREA website.