Buying a condo within Halton
I’m looking to buy a condo in the Halton area, preferably Milton or Oakville. For now, I’ve paused my search because I’m hoping builders will start applying the HST rebate on closing. There’s just so much confusion and uncertainty around these rebates that I’d rather wait for things to become clearer instead of jumping in without full clarity.
——> A few questions I’ve been thinking about:
*The temporary one-year rebates are available as long as it’s a primary residence or a long-term rental. What I don’t fully understand is, what happens if you rent it out initially and then move in yourself after 1 to 2 years?
*Any builders or specific projects in this area that you’d recommend?
*I have a feeling that as we get closer to March next year, sales might pick up since the temporary relief is ending. But given how slow the market is right now, I also wouldn’t be surprised if it gets extended. Curious what others think.
*If you weren’t in a rush to move into a condo for at least a year, would you buy now or keep waiting?
Any other tips or advice for a first-time condo buyer would be really appreciated. Thanks!