The Edmonton Real Estate Blog

How do you know if your agent is licensed?

So we have an interesting situation happening at our office at the moment… someone has created a fraudulent company that shares a name with one of our agents. We’ve been contacted by a number of people over the past week about “Mobey Real Estate” or “Moby Real Estate” because one of our associates is named Angel […]

How to Protect Yourself from Shoddy New Home Construction

A recent article in the Calgary Herald brought up a rather scary situation for some Calgary homeowners. The couple in the article bought a new home, from a builder, and moved in last spring. They decided to move to a new home, on “higher ground” because they were hit by the 2013 floods in Calgary and didn’t […]

Why a “Subject to Sale” Condition is Rarely Your Best Option

What do you do when you find the perfect home, but you haven’t sold your current home? Most people consider putting an offer on their dream home, with a “subject to the sale of the buyer’s home” condition. However, this scenario is probably not your best option. A “subject to sale” condition means that the […]

How to Evict a Tenant in Alberta

While owning investment property has its share of benefits, including stable income to pay your mortgage, some aspects of being a landlord can be challenging, especially when you encounter problems with a tenant. Whether the tenant has breached the tenancy agreement, or conducted illegal activity on the premises—you may be confronted with a situation where you need to […]

Common Misconceptions About Real Estate

The Real Estate Council of Ontario (RECO, similar to RECA in Alberta & regulates the real estate industry) recently surveyed Ontario homeowners and found some surprising results; the average homeowner doesn’t know very much about the process of buying and selling a home. Ok, maybe it’s not that surprising, but there are definitely some basic […]

Four Legal Forms Every Landlord Needs

With Edmonton having the lowest tax rate in Canada and a steady increase in wages, it is no wonder investors are looking toward Edmonton’s lucrative real estate market. Unfortunately being a landlord is not as easy as one may think. Many actions have to be followed in accordance to the Residential Tenancies Act. Failure to […]

Buying a new home? Here’s how to make sure all the work gets done

Construction in Edmonton is booming. Dealing with builders in Edmonton in a market environment like this can be tricky business. As I reflect on my own personal experience there are builders you can trust with a handshake and their word is gold, and then there are others… How do you know you are dealing with […]

New Real Estate Forms Mandatory in Alberta Today

Alberta has new real estate forms. As of today all of Alberta’s licensed industry members are required to use new plain language forms with mandatory content, as mandated by the Real Estate Council of Alberta.  This is certainly no picnic for the industry and the consumer but for the most part the pain is logistical […]

Estate Sales, 101

When someone dies and they own real estate, the number one question we are asked is: “What about timing? When can we sell the real estate?” Answer: It depends on several factors. When land is owned by a deceased person, it can only be transferred after a Grant or Court Order is issued. This process […]

Property Tax Adjustments

Property tax adjustments are one of the least understood aspects of the typical real estate closing. Clients ask questions such as: “What do you mean I have to pay property taxes? They are included as part of my mortgage payment.” or “How come I am paying any taxes as they are not due until June […]

Buyer Brokerage Agreements

A reader asked me to comment on our blog about an article on Garth Turner’s blog discussing Buyer Brokerage Agreements (or Buyer Representation Agreements as they are referred to in Ontario).  While he hit some important points in his article, he obviously left a few out, or perhaps just doesn’t know the history behind it enough to […]

Paperwork Rant

Most of the problems I see related to potential agent misconduct, from outright fraud to simple mistakes, is almost always exacerbated by the client or injured party not having copies of the documents they signed. These agents know who they are and if I could boot them out of the industry I would. Sometimes it’s […]

Alberta Home inspectors regulated as of today!

For several years on this blog I have been preaching that getting a home inspection is a really good idea, but I have also lamented that inspectors were not regulated and that this was creating some issues especially with the less scrupulous inspectors. Well as of today that is no longer the case as Service […]

CREA VS The Bureau…Much Ado about nothing

It’s official, CREA (Canadian Real Estate Association) ratified an agreement with the competition bureau on behalf of its members. I’ve been mum on the subject here on the blog, up until now. Propertywire.ca reported yesterday that the winds of change were blowing in St John’s where CREA had its meeting.  They go on to say […]

Title Insurance VS Real Property Reports

This is the third in a series of three articles written by guest author Stan Galbraith of Galbraith Law. The series includes Real Property Reports, Title Insurance, and Real Property Reports vs Title Insurance.  The first article in this series contained a discussion of the full ambit of Real Property Reports (RPR).  In summary, they provide certainty as […]

Title Insurance – What is it and how does it help me?

This is the second in a series of three articles written by guest author Stan Galbraith of Galbraith Law. The series includes Real Property Reports, Title Insurance, and Real Property Reports vs Title Insurance.  Within the last 10 years, a new insurance product has arrived in Alberta.  It is commonly referred to as title insurance. What is […]

The Real Property Report: What is it and why do I need one?

Guest author Stan Galbraith of Galbraith Law is back! Earlier this year, Stan did a great series of articles for the Edmonton Real Estate Blog on foreclosures. He is back with a series on Real Property Reports and Title Insurance. This is the first of three articles in the series: What is a Real Property Report (RPR)?  And what […]

Edmonton Foreclosures 101: Buying a Foreclosure Property

This is the fifth and final post in our series on foreclosures written by Stan Galbraith of Galbraith Law. The previous parts in the series were Foreclosures Part 1, The Redemption Period, Court Ordered Sale and Mortgage Insurance. Buying a Foreclosure PropertyBuying a foreclosure property is a complex endeavor. Four points to remember: The court is […]

Foreclosures 101: Mortgage Insurance

This is the fourth in our series on foreclosures written by Stan Galbraith of Galbraith Law. The previous parts in the series were Foreclosures Part 1, The Redemption Period and Court Ordered Sale. Mortgage InsuranceThe only time the courts issue an order for foreclosure is when there is little or no equity in the property. Even then, […]

Edmonton Foreclosures 101: Court Ordered Sale

This is the third in our seris on foreclosures written by Stan Galbraith of Galbraith Law. The previous parts in the series were Foreclosures Part 1 and The Redemption Period. Court Ordered SaleOnce the redemption period expires the court will issue an order directing the sale or other disposition of the property. This is the […]