March 2015

Found 2 blog entries for March 2015.

ALBERTA BUDGET 2015

As many of you may have heard, yesterday the government of Alberta released BUDGET 2015.  Among the many changes to tax rates, new fees and increases, the budget included a change in provincial fees charged for real estate transfers. These changes are effective as of July 1, 2015. (These charges are usually a part of the legal fees that buyers and sellers pay during a real estate transaction).

Below is a table with an example of fees that would be charged on a house purchase of $500,000 with a $400,000 mortgage:

 realestatefees_925

If you have any real estate related questions please feel free to contact us anytime!

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Average prices maintained positive growth month over month and year over year in the Edmonton Census Metropolitan Area (CMA) market. The all residential price was up a mere $38 from January (up almost 1 percent from February 2014). Single family houses averaged $430,770 up 0.84% over January and 1.17% over the same month last year. Condo prices continued upward with a 1.2% increase over January and 4.7% increase from February 2014. Duplex and Rowhouses were down 10.55% from January but are up 0.68% from the prior year.

“We are starting to see sales numbers increase as we enter the spring season. It is common to see sales start to ramp up in February.” REALTORS® Association of Edmonton President Geneva Tetreault explains, “It’s a positive sign to see that

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