As Alberta’s online Land Titles system (SPIN II) is running, closings can be completed as scheduled for both residential and commercial real estate transactions. In certain instances, title insurance may be needed to faciliate a timely closing.
This, of course, does not apply to properties which are not accessible or which have been damaged or destroyed due to the floods. These situations will need to be dealt with on a case-by-case basis.
In all instances, reasonableness on the part of both buyer and seller is needed to overcome these extraordinary circumstances. We have found all of the clients, lawyers and realtors that we have been dealing with to be working toghether as true Albertans to complete transactions in the most reasonable way.
For further information, please do not hesitate to contact our office.