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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
Feb. 16, 2023

Canada's New Housing Taxes 2023


Canada's Housing TaxesAnti Flipping Tax
  - Crack down on house flipping by ensuring that profits from properties held for less than 12 months are fully taxed, starting in 2023, with certain exceptions for unexpected life events (e.g. death, divorce). This measure will ensure that investors who flip homes pay their fair ...

View More
Feb. 2, 2023

Illegal Grow Operations

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 ...
View More