Now that the province of BC has gone back to the GST/PST tax system I thought I would outline the 2 main benefits to buying and selling Real Estate.  On the purchase of new homes you were required to pay 12% HST. Now you only pay 5% GST plus a 2% BC transitional tax for a total of 7%. The second is on Real Estate commissions when you sell a home where I now charge only 5% GST instead of 12% HST for a savings of 7%. So the expulsion of the HST back to GST is a major benefit to the Real Estate buyer and seller in this province and may be one of the contributing factors in our sales volume increase this Spring .