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Saturday, March 28, 2015 - SERIVCE FEE INCREASE

The March 2015 Alberta Budget significantly incresaes real estate transaction related fees as of July 01, 2015.  By way of illustration, the  Governemnt service fees for a $500,000 home with a $400,000 mortgage become:: 1) Land Title registration Fee FROM $150 TO $$675 and (2) Mortgage Registration FROM $130 TO $555.  Overall, your fees are increasing FROM $280 TO $1,230.  If you are considering buying/selling a property, doing so prior to July 01, 2015 will allow you to save almost $1000 on your transaction.

posted in General at Sat, 28 Mar 2015 09:16:05 -0600

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