ALBERTA BUDGET 2015 - REAL ESTATE TRANSFER FEES CHANGE

As many of you may have heard, yesterday the government of Alberta released BUDGET 2015.  Among the many changes to tax rates, new fees and increases, the budget included a change in provincial fees charged for real estate transfers. These changes are effective as of July 1, 2015. (These charges are usually a part of the legal fees that buyers and sellers pay during a real estate transaction).

Below is a table with an example of fees that would be charged on a house purchase of $500,000 with a $400,000 mortgage:

 realestatefees_925

Magdalena Luczak

Magdalena Luczak

REALTOR®
CENTURY 21 Vantage Realty Ltd.
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