April 01, 2015 | CREBNow
Real estate industry not concerned about long-term effects following provincial budget surprise
Buying a home in Alberta is about to get more expensive.
Beginning July 1, Albertans will be required to spend as much as $1,000 extra to purchase a home in the province as a result of increased real-estate-related fees in the new provincial budget.
Counted among the changes are increases to the transfer/title creation flat fee, which will go from $50 to $75 and the variable fee transfer fee will jump from $1 to $6 for every $5,000 in the home's value.