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Mortgage Broker News | 29 Mar 2015, 08:00 AM Agree 0
Alberta’s new provincial budget was rife with tax increases, including those relating to real estate, but agents on the ground say those fee increases aren’t likely to really impact the market.
  • Len Lane | 29 Mar 2015, 02:36 PM Agree 0
    While it may not affect real estate it will increase closing costs for all buyer. They did saty away from land transfer taxes directly but these items below will add up for all buyer,

    ◾Land title search including online search: $15
    ◾Land Title Caveats: $35
    ◾Transfers and leasehold titles - Flat fee: $75
    ◾Transfers and leasehold titles - variable fee per each $5,000: $6
    ◾Mortgages- Flat fee: $75
    ◾Mortgages- Variable fee per each $5,000: $6

    Just means buyers need to pay more attention to closing costs when they are buying.
  • Ontario broker | 29 Mar 2015, 05:58 PM Agree 0
    Are you kidding Len? Come to Toronto where there are 2 land transfer taxes. And you are complaining about $6?
    Shake your head
  • Len Lane | 29 Mar 2015, 07:07 PM Agree 0 name no surprise. read 6 dollars for 5000 adds up but we have lived in the land of the free for a long timer. Yours must be the result of the to many liberal and ndp government. Well at least no sales tax and stil the lowest income tax in Canada.
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