Real Estate

How to Buy a Foreclosed Home in Canada: 5 Important Steps

Generally speaking, foreclosed properties are those where an owner defaults to pay up the mortgage, and the lender then repossesses the property by applying to the court to transfer the property back to them so they can sell it and essentially pay back the loan originally taken out by the owners.  Are you considering buying …

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Mortgage Refinancing/ Switching Mortgage Companies in Canada

We are all faced with many questions when our mortgages are up for renewal: 1. Should I stay with the same mortgage company? 2. Should I increase my mortgage to payout some unsecured/secured debt? 3. Will I get a better rate if I change my mortgage company? The following information will help you through each …

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In-law Suites: What Are They and What You Need to Know

In-law Suites: What Are They and What You Need to Know

Whether you’re a homeowner with aging parents or you’re looking to earn rental income, you may be considering adding an in-law suite to your property. Many people find in-law suites to be an attractive alternative to moving family members into nursing homes. Welcoming renters into your home is also a great way to earn extra …

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CALGARY REAL ESTATE – SECONDARY AND BACKYARD SUITES

In June 2018, the City of Calgary announced a two year amnesty program to bring thousands of illegal secondary suites across the city into compliance. City council approved this amnesty program in hopes of legalizing more secondary suites in the city. One of the purposes of these secondary suite applications is to ensure illegal suites …

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Real Estate – Homeowners Insurance Binder

homeowners insurance binder A document accompanying a homeowner’s insurance policy. Its sole purpose is to verify that the homeowner’s property is, in fact, properly insured. When you purchase a home with mortgage financing, it is a standard requirement of your lender that you obtain home insurance. For example, here are the clauses from a standard …

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Calgary Bylaws – Composting at Home

In an effort to assure that Calgary residents continue to be good neighbours, the city has adopted a comprehensive set of community standards. Included in the regulations are prohibitions against noise and common nuisances, as well as additional guidelines regulating stockpiling of building materials, fire bans and practices, graffiti, home car washing, composting practices, and …

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