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Residential real estate sales may suffer from looming stress test

Potential property purchasers may not be able to afford as much house as they initially thought thanks to a looming mortgage stress test. The demand for residential real estate is expected to drop in Alberta, particularly in the Calgary area. This is thanks to the federal government's new mortgage rules that raises the bar in terms of the amount of loan for which purchasers will be able to qualify.

Residential real estate: More bang for the buck in Alberta

Homebuyers in the west can weigh their options between Alberta and British Columbia, but chances are there's no contest when it comes to what money can buy in Edmonton versus Vancouver. For those who are qualified for a couple million when it comes to a residential real estate purchase, Alberta will definitely get them more house for their dollars. Shelling out $3 million for a property in Vancouver will maybe get a purchaser an old fixer upper, while for the same price, a purchaser can buy a bungalow in the foothills in Alberta with a stunning mountain vista view.

Alberta residential real estate: Edmonton prices fall flat

A recent survey by a leading Canadian real estate company shows that the real estate market is changing around the country. In Alberta, particularly Edmonton, residential real estate prices are flat. The market trend is being blamed on the lack of economic security in Wild Rose Country.

A free way of finding a sale price for residential real estate

Finding data regarding real estate sale prices in Alberta isn't a piece of cake, but with a little persistence, it is doable. Alberta is unlike Toronto where a recent Supreme Court ruling gave Toronto Real Estate Board (TREB) members the green light to publicly post sale prices of residential real estate. In fact, there are websites now where bulk information about home sales can be found in the Toronto area.

Alberta residential real estate: Builder goes bust

One of the biggest home developers in Wild Rose Country has closed its doors, leaving many unfinished homes in a neighbourhood outside Calgary. The Alberta residential real estate developer lost a court request recently for the restructuring of its debt and went into receivership to the tune of $64.6 million. Some buyers have already taken possession of the homes that were completed, but are having some issues the builder said it would take care of.

Edmonton is tops for residential real estate sales in Alberta

Alberta's capital city seems to be the best place in the province to invest in a home. The residential real estate market in Edmonton is both stable and affordable when compared to other markets in the country. According to a report by the Real Estate Investment Network, Edmonton is set to outshine other markets in Alberta, including Calgary's.

Alberta residential real estate sales: Checking a home's history

Those people who believe their homes are haunted and who are thinking of selling them are in luck. When it comes to residential real estate transactions in Alberta, homeowners aren't obligated to divulge the history of their homes. So, if a homeowner believes he or she is sharing a home with otherworldly guests, it isn't necessary to divulge that belief to potential buyers.

Unclaimed property in the Alberta residential real estate sector

There are a number of unclaimed properties in Alberta. Some of those properties belong to the residential real estate sector. The province is proposing changes to the Unclaimed Personal Property and Vested Property Act to make it easier for Alberta residents to be reunited with their assets that have been lost or forgotten. 

Spooky residential real estate area in Alberta

One of the creepiest residential areas in the world happens to be in an abandoned Alberta neighbourhood. This residential real estate area known as Beachwood Estates looks like something out of a Stephen King-inspired movie. The homes in this High River neighbourhood simply look like their owners are on vacation.

Offices turned residential real estate in Alberta Cow Town

Calgary residents will be getting a vast choice of new places to call home. One the biggest real estate trusts in the country is planning on re-purposing four offices buildings located downtown into residential real estate units. The Alberta company is also planning on reclassifying commercially zoned land near Stampede Station to build a multifamily development consisting of 300 units. 

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