Recent government announcements regarding the HST on new homes and the lowering of development charges in Ontario were welcome news to developers and buyers alike. Homeownership has long been the Canadian dream, and now the HST reductions feed into the concept of a dream home for second-time and subsequent buyers, as well as first-time purchasers. In addition, the Canada-Ontario Partnership to Build makes it possible for municipal development charges to be reduced by up to 50 per cent for three years.
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