Of course, if the value of your house is a lower amount, then the fees are lower, too. A fee on a $300,000 house is higher than it would be on a $250,000 house. If you bought at $300,000 and paid a fee then and then someone else buys the house or you buy another house at $250,000, you are going to pay less than you would have. The point is the fees are based on the value of the property or the size of the mortgage. If the market is in decline, we will be collecting fewer fees. Thank you.
Louis Sebert on Committee Motion 161-18(3): Standing Committee on Social Development Report on the Review of Bill 40: Smoking Control and Reduction Act and Bill 41: Tobacco and Vapor Products Control Act - Government Response to Recommendations, Carried
In the Legislative Assembly on August 12th, 2019. See this statement in context.
Committee Motion 161-18(3): Standing Committee on Social Development Report on the Review of Bill 40: Smoking Control and Reduction Act and Bill 41: Tobacco and Vapor Products Control Act - Government Response to Recommendations, Carried
Consideration In Committee Of The Whole Of Bills And Other Matters
August 12th, 2019
Page 5942
See context to find out what was said next.