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Real estate transactions: What to look for in investment property

Investing in property can be a very wise move financially. But when getting involved in these kinds of real estate transactions in Canada, a potential investor would do well to do some research before diving in head first. For a first time foray into the world of real estate investing, going small at first might be prudent.

Land titles website causing issues with real estate transactions

Many land title searches are done of on the internet these days. So, when real estate transactions in Alberta were shaken up by problems with the province's land titles site that results in it being off line for days, it made for some very disgruntled purchasers. Many of those people have lost hundreds of dollars because of the glitch on the site that is used to finalize real estate deals.

Shadow lending and real estate transactions in Canada

The word shadow has a dark connotation, but it isn't necessarily a negative when it comes to mortgage lending. Real estate transactions are becoming increasingly more complex in the 21st century and it's getting more difficult for some people in Canada to purchase a home. So, doing business with shadow lenders, or those lending money that are not tied to a conventional financial institution, is on the rise.

Real estate transactions: CMHC focusing on shadow lenders

The Canada Mortgage and Housing Corporation (CMHC) is looking for more information on home loans from shadow lenders or private mortgage lenders. Many purchasers in Canada are resorting to unconventional means to secure mortgages in their real estate transactions. The increased use of these types of lenders hasn't been consistently tracked and CMHC is concerned these loans could cause financial vulnerability.

Real estate transactions: New rules may reduce buying power

New mortgage rules across the country may may it harder for purchasers to snag their dream homes. In Alberta, as in the rest of Canada, new rules regarding mortgages are expected to reduce buying power by about 21 percent. Real estate transactions may take a hit because of the move.

More than $1 billion in real estate transactions in AB capital

Things are looking rosy on the real estate front in Wild Rose Country. Alberta's capital city has seen an increase in real estate transactions in the industrial, commercial and investment (ICI) sector along with increased sales in the office, multi-residential, retail and industrial areas. In fact, sales from these sectors totalled more than $1 billion from January to June this year. That figure is up from just over $712 million during the same period in 2016.

Cochrane leading way for real estate transactions in Alberta

Alberta has had some recent economic troubles, especially with the dip in the oil market. But if the community of Cochrane is any indication, things are looking up in Alberta all around, especially in regard to real estate transactions. With little hoopla, Cochrane has seen its population increase by almost 50 per cent over the last six years with a 4.5 per cent growth in 2016 alone with no signs of slowing down.

Job slumps put damper on North Alberta real estate transactions

When jobs are scarce, it stands to reason that the housing market will take a beating. The slump in jobs in the Alberta oil sector may be harming a possible renewal in real estate transactions in the northern part of the province. Unemployed people have trouble making ends meet. Stagnant cash flow equals a thwarted real estate market.

Calgary real estate transactions on the rise, along with prices

It is said that what goes up must come down. Depending on the current mood of the economy in Alberta, the opposite can also be true when it comes to real estate transactions. The slowly moving Calgary real estate yo-yo seems to be creeping its way back up, according to new data from the Calgary Real Estate Board.

Will the next wave of real estate transactions come from abroad?

For as much as locals may love their province, property in Alberta's cities has never received the same attention from foreign buyers as Vancouver and Toronto. Indications are, however, that the trend may soon change. Some people in the know think Alberta may soon start to appear on the radar of many would-be purchasers from outside the country, and foreign-buyer real estate transactions could become more common.

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