March 15, 2016

Remember NDP election promise to make home ownership more affordable? Notley doesn’t

Sheila Gunn ReidRebel Commentator

Alberta Premier Rachel Notley is breaking yet another promise. 

Notley has announced that she will be increasing Alberta’s land title and mortgage registration fees from $50 to $75 per transaction.

These fees are variable based on the price of your home. Some fees will see a 600% increase.

The Calgary Herald broke the numbers down. On an average $400,000 home in Calgary, the land title and mortgage registrations combined cost a total of $290 today. In the upcoming NDP budget, the same fees will cost $1,230 combined. That’s nearly a six fold increase.

But Rachel Notley campaigned on doing just the opposite. This is from the NDP party campaign platform from less than a year ago, released on April 20 2015:

Our Plan:

* The NDP will cancel Jim Prentice’s plan to increase Alberta’s variable taxes for mortgages and land titles by 600 percent, and reverse increases to fixed fees.

* At a time when families are worried about their jobs and paying their mortgage, the government should not be forcing families to pay more to buy a new home.

Rachel Notley campaigned on change. But a year later, she’s doing the exact same thing Prentice did. She’s punishing the bourgeoisie for having earned enough to buy themselves a little piece of Alberta.

This is another promise in the garbage fire with so many of Notley’s other promises like job creation, a balanced budget and getting a pipeline built by carbon taxing us to death.

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commented 2016-03-16 12:06:11 -0400
Another way to help home ownership would be to remove the CMHC fee. that tax on the poor does nothing to protect the investment. The investment by its nature has a tangible asset that can be taken back if there is a failure to pay. And knowing people rent if they don’t own, the obvious thing would be to offer a default plan to help people in a mortgage deal with problems without loosing their home, even if it means on paper temporarily renting the same house they where owning, and then having their rent put against the interest till they get it together.
commented 2016-03-16 12:03:18 -0400
Unless you are switching homes or flipping homes often, there should be no fee, the cost of buying and selling a house your home should be costed in the cost of doing business as a Gov’t to save on all the red tape and paper work involved with managing the collection of those fees.
As for Mortgages, I think we should take home mortgages out of the hands of big banks, by starting a Canadian BOC personal home mortgage corporation offering mortgages at 2% because those mortgages likely will be 20 to 25 years of income with tangible assets as security. Doing this would allow the banks to offer mortgages to riskier clients and make them more business orientated, helping drive investment.

Conservatives could run on that platform Federally and win.
commented 2016-03-16 10:36:49 -0400
Bill Elder – what will happen is the greedy lawyers and politicians will scoop up the properties for a song and dance. Just like in the 80’s when people were forced to walk away from their homes for $1.00, in order to retain their credit ratings. The lawyers are clapping their hands with glee at the destruction of our economy, because they know they stand to win, as per usual.
commented 2016-03-16 01:45:01 -0400
Chad no one will invest and build homes if there is no profit to be made. Why don’t you work for free if it is so great.
commented 2016-03-16 00:30:24 -0400
I think Notley is totally on track on this promise – after they decimate the AB economy and the housing market follows it down the sink, you can buy up a lot of properties cheap – problem is having a job to qualify for the mortgage.
commented 2016-03-15 21:12:57 -0400
Inorder to mortgage a property a bank appraises it and the value must be justified .Supply and demand determine value.
commented 2016-03-15 21:09:04 -0400
Chad idiot that sounds like socialism to me. Housing prices are determined by supply and demand. Very simple!
commented 2016-03-15 20:46:32 -0400
Canadian real estate is being driven up because of straw buyers in China, the Arabian Peninsula, and other over-seas buyers.
This is totally apparent in our major cities.
The other demographic are immigrant families that move three to four families into one household to pay the bills and the mortgage.
Average mortgages in Hong Kong for instance, start at 100 years………….
MPAC Type organizations see this and jack up the cost of land and development, as well as taxes.
Very few old-stock Canadian families refuse to live like this.
commented 2016-03-15 20:36:09 -0400
Ha ha, and now I’m being called a socialist…

The thing that always gets me is how a $400,000 only costs between $250,000 and $300,000 to buy the land, and build the house. I’m not looking for, or asking for special treatment, I’m asking for things to cost their value, which at the end of the day is really only the building materials, and labour put into construction. The only time I accept an increase in any cost is to pay the realtor for their time, and again, registration fees.

The equation of cost to availability (market demand) should not apply to housing, as the government can just release more land for residential consumption, and boom, demand shrinks.

Or did everyone forget how Canada was settled in the first place, including by First Nations?
commented 2016-03-15 20:33:36 -0400
Andrew said:
“Bend over Alberta, cause Notley has her strap on firmly attached and… comes some more!!!!”

A little lube AND a kiss after would be nice.
commented 2016-03-15 20:06:38 -0400
Hey Chad,
$400,000.00 is the going rate in all the major cities in Canada!
Where do you live Munchkinville?
Stop sticking that lollipop up your ass and get a clue num-nuts!
Or do you even pay taxes?
commented 2016-03-15 19:55:12 -0400

Chad is of the non-intelligentsia. Don’t argue with him because he is in his Rainbow and lollipop, and, as you pointed out and Chad has not denied, privileged world.

commented 2016-03-15 19:45:53 -0400
Damn I hate the utter stupidity of socialists. What a dullard bunch they are.
commented 2016-03-15 19:44:41 -0400
Chad, the issue is the increase, not whether one can afford it or not.

So by your own logic, you should pay an increase on any fee or tax so long as you can afford it.

Chad, if you want to continually pay increasing fees and increasing taxes on everything just because you have the money to do so, then you go ahead, but most people … well most intelligent people … want to take that money and save it for retirement, not be nibbled to death with continually rising higher fees and greater taxes.
commented 2016-03-15 19:41:01 -0400
Bend over Alberta, cause Notley has her strap on firmly attached and… comes some more!!!!
commented 2016-03-15 19:29:58 -0400
Isn’t there a law against price gouging and loan sharking! This is ridiculous. Incorporating a company in AB used to be $150, went up to $500 a few years ago. I just did my annual return that used to cost $55, this year $80. The charge and increase is directly related to and the majority of the final cost is the government take, the registry office that does the work takes a very small portion. Costly to be a homeowner or business owner in AB. Now some of this was obviously initiated by the PCs, but there shall be no stone left unturned for the Sheriff of Notleyham. .
commented 2016-03-15 19:19:00 -0400
Uh…so did no one look at something obvious?

A $400,000 home… $400,000 is already an unobtainable home to about 70% of the population, by just being $400,000. You are crying about $1,230 in registration fees for a home far too many people can not even buy anyway… How entitled you sound…

A more average family can only afford a home that maxes out at $250,000, closer to $230,000 as what they can apply for. This ends up being a 2-3 bedroom house, and heaven forbid you should have more kids than you have bedrooms you actually use as bedrooms, home offices are bigger things these days to have, being that average family is still 2 parents and up to 3 kids.

A single, average person can only afford a $200,000, closer to $180,000 as what they can apply for. This ends up being a 1-2 bedroom duplex or town house.

Heaven forbid you live in the city, as these prices go up if you do.

When I hear talk about affordable housing, I don’t give a rats about the Registration Fees that are still under $2000, I care more about the actual cost of the Home. Your Registration Fees are not your biggest cost, it is the home itself, and if you manage to start taking cost off the price of the home in the tens of thousands range of cost, I wouldn’t care about the cost of Registration Fees up to $5000.
commented 2016-03-15 19:13:36 -0400
What can be said other than Notley is a bitch.
commented 2016-03-15 19:11:44 -0400
Another lying politician! Whatever Is this world coming to?
commented 2016-03-15 19:04:26 -0400
You mean to say the Non-Democratic Party lied last April to Cinco de Mayo? Say it is not so. Next you will be telling me the Easter Bunny, good socialist she is by re-distributing wealth, won’t bring me boiled water processed eggs March 27. Being the low information regressive I am, I don’t believe you Sheila.
commented 2016-03-15 18:51:58 -0400
There is case law that a fee for service has to be proportional to the cost of providing the service. A $100,000 or $500,000 mortgage is the same amount of work as far as Land Titles is concerned; the fee should be the same. That being said, they have just made it more difficult for home buyers to get that first home. Just wait until the land transfer tax comes in like they have in B.C. Should be soon.
commented 2016-03-15 18:44:40 -0400
The NDPIGS think thety can just enact legislation and force property owners and sellers to lose money, until we all live in state run communities , well not her and her cronies of course they will have mansions.
commented 2016-03-15 18:42:28 -0400
we know that nothing will ever be done about this, but when I’m finished masturbating at least i will have a little something to show for it folks.
commented 2016-03-15 18:41:51 -0400
Geez Alberta would be better off being run by Chumley rather than Notley.
commented 2016-03-15 18:20:53 -0400
Rachel’s election promises were just that empty promises, to entice the voters with! It’s too bad we got an empty-headed nobody, in stead of someone with a brain for economics.
commented 2016-03-15 18:20:21 -0400
You dippers ….. It’s the economy stupids.