Attention All Buyers
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. 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. For demonstrative purposes only, final fee calculations should be quoted by the buyer's lawyer.
Stampede 2024 Is here and underway!
It's that time of year again, folks! The Calgary Stampede is back and better than ever, bringing with it a whirlwind of excitement, entertainment, and good old-fashioned fun. From July 5th to the 14th, the city of Calgary will be transformed into a cowboy paradise, complete with rodeo events, live music, delicious food, thrilling rides, and so much more. One of the highlights of this year's Stampede is the incredible lineup of entertainers scheduled to perform. From country music superstars to up-and-coming artists, there's something for everyone to enjoy. Be sure to catch performances by artists such as Luke Combs, Chris Stapleton, Motley Crew and Miranda Lambert, just to name a few. View the link below to check out the full list of performers. https://www.calgarystampede.com/stampede/music In addition to the fantastic music, there will be plenty of shows and attractions to check out. Don't miss the awe-inspiring acrobatics of the Stampede Showband, the adrenaline-pumping antics of the Mini Chuckwagon races, or the hilarious antics of the Dog Bowl Stunt Show. And of course, no Stampede would be complete without the nightly fireworks display that lights up the sky in a rainbow of colors. Check out the link to see some of the events and shows. https://www.calgarystampede.com/stampede/shows When it comes to food, the Stampede is a foodie's paradise. Indulge in classic Stampede fare like mini donuts, corn dogs, and deep-fried everything, or try something new and exotic like bison burgers, watermelon pizza, or unicorn cotton candy. Whatever your taste buds desire, the Stampede has it all. https://www.calgarystampede.com/food And let's not forget about the thrill-seekers out there. The midway is filled with rides that will keep you on the edge of your seat, from classic carnival rides like the Ferris wheel and carousel to heart-pounding roller coasters and spinning thrill rides. And for those who love a bit of competition, there are plenty of games to test your skills and win some cool prizes. Follow this link below to see prices and what you can expect on this years midway. https://www.calgarystampede.com/stampede/attractions/midway Last but certainly not least, we can't overlook the main event of the Stampede: the rodeo. Watch as cowboys and cowgirls from around the world compete in events like bull riding, barrel racing, and steer wrestling, showcasing their skills and bravery in pursuit of the coveted championship title. Check out this link to pre order your tickets for the rodeo. https://www.calgarystampede.com/stampede/rodeo So grab your cowboy hat and boots, gather your friends and family, and head down to the Calgary Stampede for a summer adventure you won't soon forget. Yeehaw!
Elbow Falls in Kananaskis Country, Alberta!
🌞🌿 Elbow Falls is a popular natural attraction located in Kananaskis Country, Alberta, Canada. The falls are situated along the Elbow River, near the village of Bragg Creek, and are easily accessible by car from Calgary, making it a popular day trip destination. The waterfall cascades over a series of rocky ledges, creating a picturesque and serene setting that is perfect for picnicking, hiking, and photography. Visitors can enjoy the sights and sounds of the rushing water, as well as explore the surrounding forests and trails. Elbow Falls is also a great spot for fishing, as the Elbow River is known for its abundance of trout and other fish species. Anglers can try their luck casting a line in the river while taking in the beautiful scenery. During the summer months, Elbow Falls can get quite busy with tourists and locals alike, so it's best to arrive early to secure a good parking spot. The falls are also a popular spot for wedding and engagement photos, due to its natural beauty and tranquil atmosphere. Overall, Elbow Falls is a must-visit destination in Kananaskis Country for nature lovers, photographers, and outdoor enthusiasts looking to escape the hustle and bustle of city life and immerse themselves in the beauty of the great outdoors. Click the link below or post this link in your browser for lots of info like maps, pictures and more: https://app.highnote.io/c/p/15452403/alberta-parks-paths?cp=link Remember to cherish and respect these spaces by keeping them clean and letting wildlife thrive undisturbed. Let's enjoy nature responsibly together! 🦌🌲 Comment Guide if you would like me to send you a copy of this guide or others to your email. We also have lots of other guides like a Relocating to Calgary Guide and Calgary Education Guides with info on grades K-University and many more. 🌞🌿
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