Real Estate Laws and Regulation

Oct. 27, 2023

Understanding Property Rights in Canada: A Guide for Homeowners

Property RightsProperty rights form the cornerstone of a stable and thriving real estate market in any country, and Canada is no exception. Whether you're a first-time homebuyer, a real estate investor, or a seasoned homeowner, understanding property rights is crucial. In this comprehensive guide, we will unravel the intricacies of ...

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Oct. 19, 2023

Understanding Property Ownership: Types, Rights, and Responsibilities

In real estate, several types of ownership determine how a property is held and who has legal rights to it. Here are some common types of property ownership:

 

Sole Ownership (Sole Tenancy): Sole ownership occurs when a single individual or entity owns the entire property. The owner has the ...

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Oct. 19, 2023

Canadian Real Estate Interests: Freehold, Leasehold, and Life Estate

 

Understanding the nuances of real estate ownership is crucial for anyone involved in the Canadian housing market. In Canada, three primary forms of property ownership prevail: freehold, leasehold, and life estate. Each carries distinct rights and responsibilities. In this blog post, we will demystify these terms and shed light on ...

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June 10, 2023

Importance of Property Agreements for Common Law Partners in Alberta

Family Property Act

When it comes to property rights and distribution, many people are aware of the laws that apply to married couples. However, for common law partners in Alberta, know the law. It is crucial for individuals in common law relationships to understand the importance of having agreements in place regarding property ...

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April 4, 2023

Understanding Withholding Tax and Underused Housing Tax in Canada

Housing and taxes

As a Foreign Seller looking to sell property in Canada, it is crucial to be aware of other significant concerns, in addition to the ongoing discussions surrounding the Foreign Buyer's Ban.

Seller Non Resident of Canada

In the context of a residential real estate transaction in Canada, withholding tax ...

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Feb. 22, 2023

Canada's Foreign Buyer's Ban

Buyer Ban

Prohibition on the Purchase of Residential Property by Non-Canadians Act:

 

Effective Date: The Act came into effect on January 1, 2023.

 

Restricted Properties: The Act prohibits non-Canadian buyers from purchasing small residential properties in Canada, such as buildings with up to three units or individual units in larger ...

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Feb. 21, 2023

Legal, Illegal, and Non-Conforming Suites in Calgary: Understanding the Differences

Secondary and Backyard SuitesAs one of Canada's fastest-growing cities, Calgary is facing a growing demand for affordable housing options, and one solution to this challenge is secondary suites. A secondary suite is a self-contained living unit within a single-family home or a detached accessory building. Secondary suites are an excellent way to ...

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Feb. 18, 2023

Who is affected by the Dower Act of Alberta?

The Dower Act in Alberta affects married couples who own property in the province.

Dower ActThe act is designed to protects the rights of married individuals, particularly women, in the event of the death of their spouse or the sale of a family home.

Under the Dower Act, a spouse's consent ...

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Feb. 18, 2023

What is considered a "legal" basement bedroom in Calgary?

Egress WindowIn Calgary, a basement bedroom must meet specific requirements to be considered a "legal" bedroom. These requirements are established by the Alberta Building Code and enforced by the City of Calgary's Development and Building Approvals department.

 

 

 

 

The following are some of the requirements for a ...

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Feb. 17, 2023

At What Point During the Selling of a Home Does a Seller Have to Disclose in Alberta?

Material DefectIn Alberta, the seller of a residential property has a legal obligation to disclose all known material defects to potential buyers. Material defects refer to any physical or legal issues with the property that could significantly affect the value or desirability of the property, or pose a health or safety ...

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