with the Alberta budget that just came out, so did some fee increases for home buyers. Mortgage & land title registration will now cost more.
Starting July 1st these new fees will take effect and will be in the neighborhood of 3 to 4 times what they are now.
On a $500,000, with some variation from down payment, the fees could go from approx. $290 to $1230. Not a huge amount in the purchase of a home but definitely a cost increase to be aware of.
Listings are going up……so are prices. There is an increase in listings to sales but prices are still creeping up.
Interest rates are great! Making sure you have all the correct information will make a real estate purchase the right one for you.
Timing, when it is the right time for you, that’s the best time to buy. Let me know when you want it to happen and we’ll plan for your new home together.
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