Archive: January 2013

What does the end of HST mean for Housing Prices in BC?

In general the majority of housing prices will remain unaffected by the end of the HST on April 1, 2013

On April 1, 2013 British Columbia will return to the GST + PST model of consumer taxation that existed prior to the introduction of the HST in 2010. This has no impact on resale housing prices which do not attract HST or GST, but how does it impact new housing prices?  In order to ensure that market distortions do not occur, government established transition measures to essentially nullify any impact of this change in taxation on new home prices.  These housing transition rules introduced last year help ensure when people buy a newly constructed home under the PST or HST

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Totangi launches a new Website

Well Happy New Year everyone. With the start of 2013 Totangi Properties enters it’s 45th year of operation in the beautiful city of Victoria, British Columbia. 2012 was a great year for the Totangi team and partners as our Woodland Creek development in Sooke, BC received several awards including the Gold Care Award for Best New Subdivision. We continued building homes for new residents on Callumwood Lane (Phase 5 Woodland Creek), completed the construction of the 3 acre Woodland Creek park and playground, started construction of our 6th phase of Woodland Creek, and continued to manage our growing … read more