Okay. Land transfer for property buys less than $1 million is currently $1.50 per thousand with a minimum fee of $100. It is going to $2. That is a 33 percent increase. Correct. Mortgages, I should go to next, are currently $1 per thousand in most cases, and that will go to $1.50, which is a 50 percent increase. Correct. Again, on the example I gave of the $400,000 house with a $300,000 mortgage, instead of paying $900, you would pay $1,250, an increase of $350.
Louis Sebert on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 21st, 2019. See this statement in context.
Consideration In Committee Of The Whole Of Bills And Other Matters
Consideration In Committee Of The Whole Of Bills And Other Matters
February 21st, 2019
Page 4956
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