Best Family Lawyers in Lethbridge, AB

The Government of Alberta recently announced planned increases to the fees charged by Alberta Land Titles Office for registration of land transfers and mortgages. Registration fee currently consist of an initial fee of $50.00 plus a value fee of $2.00 for every $5,000.00 worth of property value. And an initial fee of $50.00 plus a value fee of $1.50 for every $5,000 increment in the mortgage amount. The planned new fees will be an initial fee of $50.00 plus a value fee of $5.00 for every $5,000.00 worth of property value. And an initial fee of $50.00 plus a value fee of $5.00 for every $5,000 increment in the mortgage amount. While it may be little comfort in the face of such drastic fee increases, it is fair to point out that Alberta still has some of the lowest land tiles fees in the Country. Service Alberta and Red Tape Reduction have provided the comparisons below for the new Alberta land tiles registration fee and that of other provinces for a $450,000 home: Province Cost AB $955 BC $7,156 SK $2,050 ON $5,628 QC $5,253 The effective date has not yet been announced but is expected to be in the coming months.