NEW ALBERTA land title registration costs

Dated: October 9 2024

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NEW ALBERTA land title registration costs  

Starting Oct. 20, 2024, buyers in Alberta will face increased closing costs due to a new Land Titles Registration Levy.  

This change, announced in Budget 2024, will replace the current variable fees for transferring land and registering mortgages with a flat levy of $5.00 per $5,000 of property or mortgage value, along with a $50 flat fee. This new structure applies to transfers of land, mortgage registrations, and some caveats.

 

Key details 

  • Current vs. new fees 
    • Previously, land transfers incurred a fee of $50 plus $2.00 for every $5,000 of property value, while mortgage registrations cost $50 plus $1.50 for every $5,000 of the mortgage amount. Starting Oct. 20, these variable charges will be replaced by the levy: $5.00 per $5,000, plus a flat $50 fee. 

                

  • Submission timing 
    • If a lawyer submits all required documents to the Land Titles Office before Oct. 20, the old variable fees will apply—even if the registration is completed after that date. However, any submissions made on or after Oct. 20 will be subject to the new levy.
    • Incomplete submissions may be rejected and, if resubmitted after Oct. 20, will be charged under the new levy. Additionally, extensions beyond 30 days may also trigger the new levy. 

How the levy impacts buyers 

A typical real estate transaction, such as purchasing a $750,000 home with a $650,000 mortgage, would currently cost about $595 in fees. After the levy is implemented, that same transaction will cost $1,500—more than double the previous amount. This increase may surprise buyers, so it's crucial to inform them ahead of time to manage expectations. 

Alberta will continue to have Canada's lowest title transfer fees. While this may not be welcome news, transparency is key to navigating the complexities of home buying.

Calculating the difference 


If a property is purchased for $750,000 and the buyer will be getting a mortgage for $650,000, the fees for the Land Titles Office costs are compared below.

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Claudette Coutts

Highly competent, experienced and approachable, the Coutts Team puts a priority on building a rapport with clients. Their expert marketing ensures everyone has a truly great experience, with the least....

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