Discontinuation of First-Time Home Buyer’s Incentive: What It Means for Homebuyers

The dream of owning a home is a significant milestone for many, often accompanied by financial challenges. To alleviate some of these burdens, the Canadian government introduced the First-Time Home Buyer Incentive in 2019, aiming to make homeownership more attainable. However, recent announcements from the Canada Mortgage and Housing Corporation (CMHC) have revealed the discontinuation… Continue reading Discontinuation of First-Time Home Buyer’s Incentive: What It Means for Homebuyers

Alberta Introduces New Land Title Fees and EV Tax: What You Need to Know

Alberta residents brace yourselves for a significant financial shift as the province implements new regulations impacting both homeowners and electric vehicle (EV) owners. Finance Minister Nate Horner’s recent budget announcement, dubbed as a “beer budget with an eye to the future,” outlines changes that will affect the wallets of many Albertans. Let’s delve into the… Continue reading Alberta Introduces New Land Title Fees and EV Tax: What You Need to Know

The Importance of Condo Document Review: Do You Need a Lawyer?

Considering the complexities of condominium ownership, the decision to purchase a condo is not one to take lightly. Among the crucial steps in this process is the review of condominium documents, which outline the rights, responsibilities, and regulations governing the property. In this blog, we’ll delve into the significance of condo document review and whether… Continue reading The Importance of Condo Document Review: Do You Need a Lawyer?

Essential Disclosure Requirements When Selling Your Home

Selling your home can be an exciting yet complex process. As you prepare to list your property on the market, it’s crucial to understand the legal obligations and ethical responsibilities you have as a seller. One of the most critical aspects of selling a home is disclosure. Ensuring transparency about your property’s condition and history… Continue reading Essential Disclosure Requirements When Selling Your Home

Unveiling the Importance of Title Insurance in Real Estate Transactions

In the realm of real estate transactions, ensuring the integrity of property titles is paramount. One crucial safeguard against unforeseen complications is title insurance. In this article, we delve into the significance of title insurance and why it’s a must-have for any real estate venture. Understanding Title Insurance: Title insurance serves as a shield, protecting… Continue reading Unveiling the Importance of Title Insurance in Real Estate Transactions

Understanding Residency Status and Tax Obligations for Non-Residents Selling Property in Canada

Navigating the sale of property in Canada as a non-resident entail understanding residency status and associated tax obligations. This guide illuminates the intricacies of determining residency status and highlights the tax implications for non-residents selling property in Canada. Residency Status Determination In Canada, taxation is based on residency status rather than citizenship or immigration status.… Continue reading Understanding Residency Status and Tax Obligations for Non-Residents Selling Property in Canada

Navigating Property Taxes When Buying a Home: Your Responsibilities

When venturing into the world of real estate, understanding the intricacies of property taxes is crucial. The responsibility for property taxes undergoes adjustments during a property transaction, a process known as the property tax adjustment. In this blog, we unravel the complexities surrounding property tax responsibilities when buying a home. Understanding Property Tax Adjustments In… Continue reading Navigating Property Taxes When Buying a Home: Your Responsibilities

How Long is a Home Inspector Liable for Missing Major Problems?

When investing in a new home, a crucial step in the process is the home inspection. However, even with the most thorough inspections, there’s always the possibility of overlooking significant issues. The question arises: Is the home inspector responsible for problems found later? In this blog, we’ll delve into the duration of a home inspector’s… Continue reading How Long is a Home Inspector Liable for Missing Major Problems?

Unraveling Square Footage Misrepresentation in Real Estate

Embark on a journey to understand the repercussions of misrepresented square footage in real estate listings. What happens when the size indicated on MLS does not align with the actual measurements of a property? This exploration delves into the legal implications and potential remedies for buyers who discover discrepancies in the square footage disclosed before… Continue reading Unraveling Square Footage Misrepresentation in Real Estate

Unveiling Responsibility through the Line Fence Act

Explore the intricacies of Alberta’s Line Fence Act and the pivotal rules and obligations it sets forth when erecting fences to safeguard against wandering livestock. This comprehensive guide delves into the shared responsibilities of adjoining landowners, shedding light on the equal cost-sharing paradigm for building and maintaining fences. Understanding the Line Fences Act In the… Continue reading Unveiling Responsibility through the Line Fence Act