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July 2018 Archives

Residential real estate: Getting a mortgage in fire season

Summer is a time in many parts of Canada when the risk of forest fires is at its highest. There are parts of Alberta, like the Fort McMurray area, that are especially susceptible. When it comes to residential real estate in certain parts of the province that are more apt to experience fires, mortgages can be affected, especially if homeowners have been evacuated, the home has suffered damage or is completely razed by fire or if a fire causes a person' employment situation to change.

Oil industry changing residential real estate picture in Alberta

The oil industry has had its ups and downs, but oil has always been one of the primary commodities in Alberta. It's not surprising that this has had some effect on other areas, including residential real estate sales. The economy works like a machine -- when all parts are oiled, the entire system runs smoothly. So, when the oil industry took a few major punches, the entire province felt the pain.

Alberta real estate transactions: Land transfer tax positives

Alberta seems to be one of Canada's favourite spots in which to settle down. One of the reasons for Alberta's popularity in terms of real estate transactions has to do with land transfer taxes. Most buyers tend to overlook land transfer taxes, but many are becoming more aware of the hidden costs of real estate.

Real estate transactions: AIMCo buys Edmonton Tower

Edmonton Tower has been sold to an investment management company. In one of many real estate transactions in Alberta, the particulars of the deal haven't been disclosed. The first phase of 27-storey, LEED-Gold office tower in Edmonton's ICE district has more than $2 billion of assets invested, and a similar amount is set for Phase Two. This particular area in downtown Edmonton has been earmarked for mixed use, sports and entertainment.

Real estate transactions: Lethbridge leading in industrial sales

Lethbridge is on the move. The Alberta city is having a particularly good year when it comes to industrial-related real estate transactions. In fact, it has been touted as an industrial real estate hot spot.  The second largest city in southern Alberta -- Calgary is the first -- is Agriculture and Agri-Food Canada's home. It is the largest agricultural research facility in the country.

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