Do I pay HST when I buy a house?
Not on a resale home. On new construction from a builder you do, though builders normally quote a price that already assigns the new housing rebate, so the tax is inside the price rather than added at closing.
Resale residential property is exempt. There is no sales tax on the purchase price of a used home, though you do pay it on services such as legal fees, inspections and moving.
New construction is taxable. Two rebates reduce it for someone buying as a principal residence: a provincial new housing rebate worth a percentage of the provincial component up to a cap, and a federal rebate that phases out entirely above a threshold most GTA prices exceed.
Builders usually require you to assign the rebate to them and quote a tax-inclusive price. Read the agreement, because this is where the surprises live: if the price is quoted net of a rebate you do not actually qualify for, the builder charges you the difference on closing.
The rebate assumes you or a close relation will occupy the home as a principal residence. Buy to rent, or assign the contract before closing, and the treatment changes. That can be a five figure adjustment, so get tax advice before signing a pre-construction agreement.
Answer it with your own numbers
You will need: purchase price, whether it is new construction.
Model a new build with and without the rebateNext questions
What should I know before buying a pre-construction condo?
Four things: you get a ten day statutory rescission period, occupancy comes long before closing and you pay occupancy fees that build no equity, closing costs include development charges the builder can pass through, and delays of years are normal.
Ontario
How much cash do I actually need on closing day?
Your down payment plus closing costs, which this app's own estimate puts at roughly one and a half to three percent of the price outside Toronto and above four percent inside it, because Toronto charges a second land transfer tax.
Ontario