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Old 03-30-2015, 08:10 AM   #1
Mortgage Made Easy
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Exclamation Alberta Mortgage Fees Going Up This Summer: Alberta Budget 2015

This summer, it’s going to cost more to get a mortgage in Alberta starting July 1, 2015.

People considering buying a house this summer should be aware of some changes to the fees associated with being a land owner, and with getting a mortgage. Last week, the Province of Alberta released its new budget containing pretty significant increases in fees for people like you who might be getting a Calgary mortgage or buying property.

Ex: $500,000 purchase and a mortgage of $400,000 currently costs approx. $290 for land titles and mortgage registration.

Effective July 1, 2015 that same registration will cost approx. $1,230.

A difference of $940.

Read More on this and other AB Budget fee hikes!
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Last edited by Mortgage Made Easy; 04-06-2015 at 01:47 PM.
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Old 04-02-2015, 11:11 AM   #2
Mortgage Made Easy
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A few days ago we posted information about the Alberta Budget and the fact that fees are going up for people considering buying a house. The new fees come into play July 1, 2015.

Click Part 2-Calculate Your Calgary/Alberta Mortgage Fee Increase to see details.
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Mortgage. Made Easy Experts
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www.TimLacroix.com

If you have any questions please feel free to PM me or email puckforum@cgymortgage.com

Click here to View current Mortgage Rates

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Old 05-08-2015, 11:26 AM   #3
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Any news from the NDP government about following through on their election promise?
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Old 05-08-2015, 01:10 PM   #4
Mortgage Made Easy
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Hi Regorium -

No news as of yet - we are anxiously waiting for their follow through!
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Tim & Colton
Mortgage. Made Easy Experts
Canada Mortgage Direct Inc
www.TimLacroix.com

If you have any questions please feel free to PM me or email puckforum@cgymortgage.com

Click here to View current Mortgage Rates

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Old 05-08-2015, 02:11 PM   #5
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I think the ndp just cancelled the fee's you guys are talking about.

http://www.albertandp.ca/notley_make...tgage_tax_hike
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Old 05-10-2015, 01:04 PM   #6
Mortgage Made Easy
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Hi CP - just out of town but will have an update by Tuesday / Wednesday. But appears that the fees have been cancelled...
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Canada Mortgage Direct Inc
www.TimLacroix.com

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Click here to View current Mortgage Rates

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Old 06-09-2015, 02:27 PM   #7
troutman
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Further to our blog on April 1st (ALBERTA BUDGET – LAND TITLE FEE INCREASE), the newly elected NDP government has cancelled the the proposed fee increase that was to take place July 1st. This was just confirmed to us by the Land Title Office.


Further details will follow in an update to this blog . . .


http://nwcalgarylaw.com/update-land-...ill-increased/
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