Humber/Ontario Real Estate Course 2 Exam Practice

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Which of the following properties is often subject to a Harmonized Sales Tax (HST) in Ontario?

  1. All resale residential properties

  2. Commercial properties

  3. Newly constructed homes

  4. Vacant land

  5. Farm properties

  6. Rental properties

The correct answer is: Newly constructed homes

Newly constructed homes in Ontario are often subject to Harmonized Sales Tax (HST). This is because when a new home is constructed and sold by a builder for the first time, it is considered a taxable sale, and HST is applicable on the sale price. On the other hand, resale residential properties, commercial properties, vacant land, farm properties, and rental properties are typically not subject to HST in Ontario.

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