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September 2018 Archives

Residential real estate: Edmonton lots subdivided into pork chops

Edmonton may soon turn into the land of pork chops. Residents living in the Alberta capital have received the green light to subdivide their land into lots that resemble pork chops. Indeed, pork chop lots -- also known as battle axe, hammerhead or flag lots -- take one larger lot and turn it into two smaller ones. This is a residential real estate experiment by the city of Edmonton to get new builds started in inner city neighbourhoods that are sparsely populated.

Commercial real estate: Denied pot sellers stuck with leases?

Prospective cannabis retailers may have jumped the gun a bit early. Those in Canada who are hoping to be accepted to sell legal marijuana but who won't be given the green light may be stuck with commercial real estate contracts that they may have a tough time getting out of. These individuals may have already signed leases that are pretty much ironclad, according to a Calgary-based real estate advisory company.

Residential real estate: The Fort most affordable area in Alberta

It seems that Fort McMurray tops the list of the most affordable housing in Alberta. Residential real estate is on the upswing in this Alberta community that has seen its share of problems in the last few years -- especially from devastating forest fires that nearly razed the entire population centre. Using the home price-to-income ratio, Fort McMurray wins the top prize for affordability.

Canada real estate transactions: Selling prices to be made public

A recent Supreme Court decision is expected to change the face of real estate in the country. Certain information -- like the selling price -- regarding sold properties in real estate transactions in Canada will now be made public. The high court chose not to hear an appeal regarding the ruling of a lower court, which decided that the Toronto Real Estate Board (TREB) must allow certain information about homes for sale to be made public, including what a home sold for previously.

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