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October 2018 Archives

Commercial real estate: Cowtown office buildings plunge in value

The assessed valued of Calgary's downtown office buildings took a recent pummelling. Building values in Alberta's largest city dropped by about $4 billion in the last year. That change in commercial real estate values translates into increased taxes for non-residential owners of property outside the downtown core. City council will likely need to come up with a plan for tax relief in the short term while figuring out a long-term fix.

Real estate transactions: Stress test an election issue

There are two major issues when it comes to the federal election next year. One of them has to do with real estate transactions and how the federal government's stress test is affecting the market overall in Alberta and in Canada. Experts say it will hold a lot of water with voters who were primed to purchase their first home, but had to put plans on the back burner due to this new means of qualifying purchasers.

Real estate transactions: Getting rid of the wrong agent

Buying a home or property should be exciting even though it may be stressful at times. Having the right salesperson can make the difference between having a positive or negative experience when it comes to real estate transactions in Canada. Those who find that they're just not working with the right person for them may have a few options when it comes to finding the right agent, and it can also work the other way, too. Sometimes, it just isn't the right fit between people.

Residential real estate: Some rules differ for common law couples

Buying a home can be an exciting venture. For some Alberta couples it is the next step in a relationship. But there are certain things unmarried couples should know when it comes to residential real estate -- there are some differences when a couple isn't legally married. 

Commercial real estate: APREIT acquires 2 auto dealerships

Automotive Properties Real Estate Investment Trust (APREIT) just sealed the deal on a multi-million dollar acquisition of two dealership properties. The commercial real estate deals included one in Sherwood Park, Alberta, and one in Laval, Quebec. The two auto dealerships set APREIT back about $55.5 million.  

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