Recent budget announcements from the government will hit Homebuyers in Alberta the hardest.  The budget announced increasing fees effective July 1st for new mortgage and land transfer registrations.  With Alberta being still one if the lowest provinces when it comes to fees this major jump of tripling the current fee will be a huge shock and expense to buyers.  Alberta's Real Estate market is still one of the most affordable in the country despite the fee increases, but If you are thinking about buying a home, making your move will be cheaper for you prior to July.  Unfortunately this is going to be the new cost of business come the second half of the year and it will take more money away from the downpayment buyers have, and put more down to the closing costs. 

Please contact us with any questions you may have.  For complete details click HERE.

Posted by Robert and Shawna Eskiw on

Tags

Email Send a link to post via Email

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.