The Green Energy Act, just passed into law, is a double edged sword in a long list of blows affecting the long-suffering Ontario home owner. First, Toronto buyers were hit with the municipal land transfer tax, then, we’re looking ahead to the harmonized sales tax, which will see provincial tax imposed on new homes and related fees and services, and, now, compulsory energy audits. I’m not in disagreement with the Bill per se, it’s the timing that appears to have been given little thought. The industry is always the first into a recession, and, conversely, the first out. How do sellers and buyers, grappling with job security concerns, regain confidence when they are getting hit every which way? It puts them back on the fence and in the limbo land of, ‘well, maybe we should just wait another year’. So, we knock off a healthy percentage of otherwise, ready, willing and able buyers and sellers who simply don’t do anything. And, that then affects every other related service and product that depends on the real estate industry. To find out about the Green Energy Act, click below on "Bill 150".
Dimetrios (Jim)Ilias
I have a background in civil engineering technology from Seneca College but the majority of my adult life was spent in the service industry, the restaurant business to be exact. Initially I worked as labourer ...
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That's Personality!
1255 Treeland Street
Burlington , Ontario
- $349,900
- 4 Bedrooms
- 3.5 Bathrooms
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