What Happens When You Cannot Close on the Original Day of Possession?

In the context of the Alberta Residential Purchase Contract, a Tenancy at Will and a late closing refer to different situations and have different implications for the buyer and seller. Here's an explanation of each, including ...

Property assessments and market evaluations are two distinct methods used to determine the value of a property, and there are some differences between the two. Here are some key points to consider:

Purpose: Property assessments are conducted by the City of Calgary for the purpose of determining property taxes, while ...

In Alberta, a seller is not legally required to disclose whether their property is conditionally sold. However, the sellers agent is required to submit the pending sale. The seller has the potion to stop all showings or allow further showing. At anytime, the Seller may accept a back up offer ...

In Alberta, a Real Property Report (RPR) is not required by law when selling a property. However, it is common practice for sellers to provide an RPR to potential buyers as part of the sale process. It is also a representation made on the Offer to Purchase. An RPR is ...

In Alberta, a seller is not obligated to disclose the existence of other offers to potential buyers. While some sellers may choose to share this information with potential buyers, it is not a legal requirement. The decision to disclose other offers is typically left to the discretion of the seller ...

Stigma refers to a negative characteristic or perception that is associated with a particular person, group, or thing. In the context of real estate, stigma refers to any negative aspect or characteristic of a property that can affect its market value, even if it does not affect the physical ...

No, Alberta does not have a land transfer tax.

Alberta is one of a few provinces in Canada that does not have a land transfer tax. In most Canadian provinces, a land transfer tax is a tax paid by the buyer when purchasing a property. The amount of the tax ...

In Canada, individuals are allowed to grow marijuana for personal use in their homes, subject to certain conditions. Here are some of the rules related to growing marijuana in your home in Canada:

• Legal age: Only individuals who are 18 years of age or older (or 19 in some provinces ...

In Alberta, a real estate offer can be rescinded or withdrawn by the buyer before it is accepted by the seller. Once the offer is accepted, it becomes a binding contract and cannot be rescinded without the consent of the seller. If the buyer wishes to withdraw their offer ...

Rescinding - What does this mean and how is it handled? (To withdraw your offer)

When negotiating a contract, as long as no timelines have been met by the parties, you

can rescind the contract in writing. Because rescinding is very time sensitive, it is best practice to be able ...