I have a “used” house. At least that’s what a friend with an affinity for new properties calls my approximately 40-year-old home.
For years, it was a running joke, referring to an existing home the way you would talk about pre-owned clothes or a car. It’s an odd choice of wording in a country where roughly 500,000 resale homes change hands annually, while fewer than half as many new homes are built.
Still, there will always be something appealing about owning something brand new. Now Ottawa and Ontario have tilted the scales toward new housing by eliminating the harmonized sales tax on homes worth up to $1 million, a move wor...
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