Real Estate

Question related to use SPIN2 to check house sale price for AB residents

  • Last Updated:
  • Jul 16th, 2019 6:40 pm
Deal Addict
Jan 22, 2009
3637 posts
1646 upvotes

Question related to use SPIN2 to check house sale price for AB residents

I used SPIN2 to check house sale price in Alberta using the instruction posted on CBC: https://www.cbc.ca/news/canada/calgary/ ... -1.4437947

It works great. I only have one question. The "TRANSFER OF LAND" value supposes to be the house sale price, but does this price include GST for sales of new constructed houses? My friend just bought a new house for $58K. The "TRANSFER OF LAND" value shows up as $58K - GST. So it's not counting the GST amount on house purchase. But another spec home sold at listed price as $63.5K with GST. The "TRANSFER OF LAND" value shows up as $63.5K. Does anyone know if GST on house purchase should be part of the "TRANSFER OF LAND" value?
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