MortgagesInVancouver.com Hi, everyone. How are you? It's Leah Coss with The Mortgage Centre. And I wanted to go over the new HST rules that will be coming out later this year. Now, of course, nothing is ever finalized until the rule is actually implemented. But this is what they've got so far, and hopefully, to make it not so confusing for all of us poor little mortgage brokers and real estate agents, they will keep the rules this way. But the HST rules for housing will be as follows. Now, first of all, if you've bought a home, then you know that you don't currently pay GST when you buy a home that's been previously lived in. This means one house that's had one previous owner, is now an old house. It no longer needs to have GST paid for it. So if you're going out and you're looking for houses and you're concerned about HST, don't worry too much. The HST rules will only apply to brand spanking new houses, houses that have never, ever had another owner set foot within them. Now, the reason for this is because new houses, currently, they get charged GST. Therefore, anything that gets charged GST now will be charged HST later. Now, what is HST? For those of you who don't know, it's basically going to be GST and PST combined. So, with GST being five percent, PST being seven percent, that's now going to be combined for 12 percent. [laughs] Now, how is that going to affect the housing market? Well, on first glance, you'd be like, "Holy smokes! You're adding seven percent more ...