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 Dower Act has been in place in Alberta for over a century and was originally designed to protect the rights of a wife who was unable to own property. If the husband decided to sell the property, the wife could not be evicted. This legislation was created in response to the possibility of a […]
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 […]
Protection from the Unknown When you’re buying a new home or property, it can be an exciting experience. But it also exposes buyers to risks. There are many ways prospective buyers can protect their investments from known problems, but what about the unknown? One option for securing your investment in residential real estate in Alberta […]
Protect Yourself & Your Tenants A residential lease agreement is a legal document that binds both you and your tenant. In its most basic terms, you agree to provide a safe place to live, and your tenant agrees to provide rent payments. As you probably know, these are not the only things that need to […]
What would these ducks be? Alongside some of the general inspections you may make, like checking the electrical, plumbing, and structural integrity of the building, you will also want to obtain a Real Property Report from the Alberta Lands Surveyors’ Association. This document can provide you with the crucial information you need before you finalize […]
When you buy or sell a home in Alberta, one of the first things your realtor or lawyer will do is obtain a certificate of title from the Land Titles Office. As one of the most critical documents in any real estate transaction, it’s important to understand the certificate of title: where it comes from, […]
Condominium living provides many amazing benefits: affordability, less maintenance, security, and sometimes even amenities right under your own roof. However, there are aspects of condominium living that you must consider before you dive into residential real estate ownership and more particularly, condo life. For example, shared ownership, governing bylaws, and annual reports. What does this […]
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