Relocation
September 2022 Real Estate Statistics – Demands shifting to more affordable options
As released by CREB® on October 3, 2022 – full link here. Strong sales for condominium apartment and row properties was not enough to offset declines reported for other property types. This caused city sales to ease by nearly 12 per cent compared to last…
Disclosure Matters
In a previous blog I highlighted some of the most common themes seen in Alberta real estate lawsuits, according to statistics, and I want to dive deeper into one particularly tricky category – disclosure. What kind of issues, physical and otherwise, do you have to…
July 2022 Real Estate Statistics – Detached home sales decline as apartment condominium sales rise
As released by CREB® on August 2, 2022 – full link here. Significant slowdowns in the detached and semi-detached market were nearly offset by sales growth in the apartment and row sectors. This left July sales three per cent lower than levels recorded last year.…
Real Estate Lawsuits – Top Issues and How to Avoid Problems
Did you know that every real estate professional in Alberta has errors & omissions insurance through the Real Estate Insurance Exchange (REIX)? They are the insurer who manages legal claims against real estate agents and have insight to all of the lawsuits filed pertaining to…
Multiple Offers
In a hot market, multiple offers are common but it is not the wild west out here – there are rules that govern how to handle a situation where a seller receives more than one offer. The Real Estate Council of Alberta (RECA) is the…
Rising Mortgage Rates – CREA weighs in on the Bank of Canada increases
With the Bank of Canada raising the interest rate to 2.5%, and further increases in sight, many Canadians are wondering what the future holds for lending, in particular as it relates to mortgages. The Canadian Real Estate Association (CREA) posted a blog shortly before the…
Deposits and Alberta Real Estate
I often work with clients relocating to Calgary from other provinces, particularly Quebec, and it has given me some unique insights into how real estate is practiced in other jurisdictions, given we are all governed by our own Real Estate Acts. For example, in Alberta…
The Hottest Lake Communities in Calgary
Do you dream of lounging on the sand in the sun with your toes in the water? Maybe it’s a frozen lake ready for skating that you are looking for? While Calgary may not have sizable, natural lakes a lot of thought went into creating…
June 2022 Real Estate Statistics – market starts to shift as sales slow
As released by CREB® on July 4, 2022 – full link here. Sales activity in June eased relative to the past several months and with 2,842 sales, levels declined by two per cent over last year’s record high. While sales activity has remained relatively strong…
You just found your dream home…now what?
This is the most exciting part! It’s time to write your offer with exactly the terms and condition that suits your needs. We will go through the Alberta Real Estate Association offer to purchase clause by clause to make sure you not only understand everything…