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ALBERTA LAND TITLE FEES INCREASE 2020

As of January 1, 2020, some Land Titles fees will be increasing. 

Land Titles and Surveys common documents fee schedule

https://www.alberta.ca/assets/documents/sa-land-titles-common-documents-fee-schedule-changes-Jan-1-2020.pdf

The following scenarios illustrate the fee increase in typical transactions.

If you are purchasing a property and not getting a mortgage or a line of credit:

Purchase Price $400,000.00 

Current Land Titles fees: $130.00 

New Land Titles Fees $210.00 

If you are purchasing a property and getting a mortgage or a line of credit 

Purchase Price $400,000.00 Mortgage/Line of Credit Amount $350,000.00

Current Land Titles fees: $250.00 

New Land Titles Fees $365.00

If you are selling a property:

If there is a mortgage/line of credit or encumbrance that needs to be removed from title, Land Titles will charge $10.00 for each encumbrance to be removed as of January 1, 2020. The current charge to remove an encumbrance from title is $5.00 each.

If you are refinancing a property (no change to the owners just a new mortgage or line of credit)

New Mortgage Amount $300,000.00

Current Land Titles Fees: $110.00 for registration of new mortgage plus $5.00 for each encumbrance that needs to be removed from title (ie. Discharge your existing mortgage) 

New Land Titles Fee: $140 for the registration of the new mortgage plus $10.00 for each encumbrance that needs to be removed from title (ie. Discharge your existing mortgage) 

Please contact us if you have any questions about Land Titles Fees.

https://www.navigator.law/contact-us-bussiness.html