Alberta and Saskatchewan don\u0027t charge land transfer taxes as part of selling or buying a home, saving homebuyers thousands of dollars.
Additional closing costs like the land title registry and mortgage registration — about a few hundred dollars each — and legal fees — about $1,500 to $2,000 — are relatively similar across the nation and do not have much impact on buyers, Mitchell says.Article content
“When people move into new homes, they spend an average of about $40,000 more” on renovations and furniture, Mitchell says. With buyers paying thousands of dollars in taxes on a home purchase, they inevitably have less to spend on these items.“It’s billions of dollars in revenue in British Columbia or Ontario,” he says.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senators decry lack of federal safety assessment of tear gasQuestions posed about the safety of tear gas remain unanswered, even after more than a dozen U.S. senators asked a congressional watchdog to look into the issue
Read more »
Lack of evidence leads to three separate Houston murder charges to be dismissedAuthorities have recently dismissed three separate murder charges, one aimed at a man...
Read more »
Perspective | Carolyn Hax: Caretaker struggles with a lack of reciprocal support from friendsThe person who usually cares for everyone else is going through a rough time, and the lack of friend support brings 'extra sadness.'
Read more »
Tear gas: Senators decry lack of federal safety assessmentQuestions posed about the safety of tear gas remain unanswered, even after more than a dozen U.S. senators asked a congressional watchdog to look into the issue.
Read more »
Tear gas: Senators decry lack of federal safety assessmentAs police responded to mass protests across the nation two years ago with tear gas and other chemical munitions, more than a dozen U.S. senators asked the congressional watchdog to find out whether federal agencies have assessed how safe they are
Read more »
Senators decry lack of federal safety assessment of tear gasAs police responded to mass protests across the nation two years ago with tear gas and other chemical munitions, more than a dozen U.S. senators asked the congressional watchdog to find out whether federal agencies have assessed how safe they are.
Read more »