As presented at the BC Notaries Spring Conference, HST will affect realtor fees.  Currently, realtor fees are subject to a 5% GST which is paid by the seller.  With the launch of HST, an additional 7% will be applicable.  This will invariably translated into higher resale home prices.

Developers will benefit the most from the implementation of this new tax schema with a refund available to them of the HST during the course of a building development.