Does the HST loan affect my mortgage

Does the HST loan affect my mortgage?

201.jpgBy AAshtonHST Loans1 comments
Hello,    I have bought an investment condo in Toronto which is in the occupancy phase.  My question is: Will the HST loan affect my ability to qualify for the property's mort ...AnswerNo, the HST loan will not affect your mortgage.  We will ensure that you get your mortgage approved prior to applying for the HST Loan.  We have mortgage professionals on staff, if you need ...

HST owing for my new construction condo added to my mortgage

I am closing on an investment condo in midtown Toronto and as I understand it, I will owe HST on the closing date.  My real estate lawyer tells me that the HST due on closing will amount to about ...AnswerThe Schedule A banks in Canada are mandated not to lend to their clients for tax related purposes - such as for the HST required to close a new build property.  This means that banks will not give ...

How much HST do I have to pay for my condo?

Do I have to pay the full 13% HST on the purchase price of my Toronto condo? AnswerIf your new condo is a new build investment property, you will be responsible to pay a portion of the HST on closing.  The other portion of the HST is built into the purchase price. So, you will not ...

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