NDP Promises to Repeal Real Estate Fee Increases

A newly elected provincial government in Alberta will create ripple effects as government priorities shift and new relationships and opportunities for advocacy efforts present themselves. In case you missed it, one element of the NDP platform was a promise to repeal the increases to mortgage registration/land title registration fees that were put forward in the PC budget in March 2015 and restore the current 2014/15 fees. Click here for the announcement of the campaign promise.

Recent statements from the NDP indicate that the government will be pushing forward in eliminating these increases. There is no official timeline yet for this to take place, as the election result represents a significant change and the NDP will require time to transition into office and be prepared to take real action on campaign promises.