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January 2019 Archives

Real estate transactions: Alberta woman to give mansion away

Apparently, many Canadians would love to live in a mansion. A woman from Millarville decided to run a lottery with the winner getting her luxury Alberta home worth $1.7 million. She is asking those who would like to take over the digs to write a letter as to why, along with a $25 entry fee. In terms of potential real estate transactions, that's pretty cheap.

2018 Central Alberta real estate transactions mirror 2017

It's the same old, same old where real estate in the central part of Wild Rose Country is concerned. Apparently, real estate transactions in central Alberta last year pretty much mirrored those in 2017, according to the latest statistics from the Central Alberta Realtors Association (CARA).  The relatively flat market trend is expected to continue.

Residential real estate weathering economic trends in Canada

The economy has been a bit dramatic over the past few months. The residential real estate market has weathered the storm and by all accounts is rallying across the country. The average price of a home in Canada in the last quarter of last year rose 4 per cent compared to the same time in 2017. That puts that average home in the $631,000 range.

How disclosure pertains to real estate transactions in Canada

Is it incumbent upon a real estate agent in Canada to divulge information about a property that could make the difference between a sale and a property sitting on the market for a while? That actually depends upon what that information entails. Disclosure rules around real estate transactions in Canada are definitive.

Many factors affected commercial real estate sector in 2018

It was a hectic year for business in Wild Rose Country. Commercial real estate has been part of the strange landscape of what transpired business-wise in Alberta in 2018 -- everything from retail space rentals to open up further contributed to the commercial real estate sector in the province. Since four years ago, when oil prices took a dive, vacancy rates have risen and rents have fallen in both Calgary and Edmonton.

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