The fallout from the HST hike could have dire effects on people’s ability to both buy and pay for new homes in the province, warns the head of the Newfoundland and Labrador chapter of the Canadian Homebuilders’ Association.
President Sheldon Colbourne said the hike will add substantial heft to a house’s price tag, heaping another $6,000 onto a $300,000 home, for example. Read the full article here.
