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Commercial leasing is a vital aspect of business operations, offering companies the opportunity to secure suitable spaces for their operations. While commercial leases come in all different shapes and sizes, a quality commercial lease considers the rights and obligations of both parties, to each other, as well as to any potential third-party stakeholders – such…

On February 29, 2024, the Government of Alberta announced increases to the Land Titles Office (LTO) registration fees, which will affect both property transfers and mortgage registrations. These changes, outlined in the 2024 Budget "Fiscal Plan 2024-27", will have implications for individuals engaging in real estate transactions across the province. Currently, the LTO registration fees…

The Alberta Property Rights Statutes Amendment Act, 2022 (the “Act”), came into force on December 15, 2022. The Act amends three existing Alberta statutes: the Land Titles Act, the Law of Property Act and the Limitations Act, with the effect of updating the law regarding adverse possession in order to protect registered private landowners’ property…

The Federal government’s new anti-flipping tax rules were passed into law on December 15, 2022 when Bill C-32 received Royal Assent and was legislated as the Fall Economic Statement Implementation Act, 2022.  These rules have essentially increased the cost of house flipping in Canada.   Under the Act, a “flipped property” means “a housing unit of…

The Prohibition on the Purchase of Residential Property by Non-Canadians Act (the "Act") and the Prohibition on the Purchase of Residential Property by Non-Canadians Regulations (the “Regulations”) (collectively, the “Legislation”) came into force on January 1, 2023 and affect contracts for the purchase of residential property entered into after this date. The Act prohibits non-Canadians…