Quote:
Originally Posted by Ace
I wonder how many "first time homebuyers" are purchasing close to a $ million. That's got to be a pretty small population. I always found "first time" homebuyer restrictions weird. Just 'cause someone bought a cheap condo 20 years ago, why shouldn't they be able to use the (first time) homebuyers benefit when upgrading.
|
The reason is because they have been part of the run up in home prices and therefore have lower barriers to the next house than someone starting from scratch.
With constant demand reducing GST for all buyers just increases sale price.