New NDP government reverses PC mortgage tax hike

The PC budget increased the variable Mortgage Tax and Land Transfer fees from $1 to $6 for every $5,000 of property value which would have taken effect on July 1, 2015. It also increases the fixed fees for mortgages, land transfers, and land title registry searches. Today, Notley announced that the NDP will cancel the PCs’ tax hikes on mortgages and land titles.

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