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Real estate transactions: Alberta homeowners waiting to sell

It seems homeowners in Wild Rose Country who have been thinking of putting their homes on the market are moving like sloths. Real estate transactions in Alberta have slowed down since prospective vendors are waiting to see what the market will do in the coming months. This has caused a shortage of inventory and has kept prices higher than normal and made it difficult for the market to adjust, according to realtors.

Edmonton leads the way in Alberta real estate transactions

The capital of Wild Rose Country is currently leading the way in real estate investments. Edmonton is Alberta's reigning leader in real estate transactions lately, according to a recent report on residential property deals in the province. The report suggests Edmonton is ahead in sales since it is entering a market recovery period, which makes prices more attractive for homebuyers.

Real estate transactions: How much downpayment is enough?

Having a minimum downpayment to buy a home is necessary. But, would it benefit Alberta residents in their real estate transactions to have as much saved as possible when purchasing property? More importantly, should people postpone buying until they have as much saved as possible? There are financial considerations for buying sooner and for buying later and much has to do with saving for eventual retirement.

Alberta real estate transactions: Taking advantage of the PRE

When an individual sells a property, there are some tax breaks of which he or she can take advantage. When it comes to real estate transactions in Alberta, residents can claim a principal residence exemption (PRE) on the sale of their properties. But there are some things they should know before doing so such as being aware of any changes to the Canada Revenue Agency's requirements. 

Real estate transactions: Legal cannabis affecting market

It's been more than half a year since the country legalized cannabis. Making cannabis legal has had a positive effect on real estate transactions in Canada -- both agriculturally and commercially. It has also had an effect on real estate prices in general, according to a recent study. Smaller communities are benefiting from the increased demand for agricultural lands.

Real estate transactions: Edmonton rallies despite ongoing slump

The real estate sales slump continues in Wild Rose Country -- particularly in the capital area. Real estate transactions across Alberta, as in most of the rest of the country, have been slower than usual. However, the Canadian Mortgage and Housing Corporation (CMHC) has hope that people's disposable incomes will help the market slump and lessen the gap between the now buyer's market and seller's market.

Real estate transactions: SOP offers becoming rare in flat market

It seems conditional on sale of property (SOP) offers are becoming passé. More homeowners in Canada are waiting to sell their listed properties before making an offer on another. Much of this can be pinned on a slow-moving market across the country in which fewer real estate transactions are taking place. Sales across larger urban centres in Canada have continued to plummet -- down nearly 2% from last year.

Real estate transactions: How they fit into a financial plan

For those looking to make solid investments, real estate may be a great option. If Alberta residents make wise real estate transactions, it could bode well for them regarding their long-term financial goals. Building wealth is important for the future, especially when families include children. Many solid financial plans include the procurement of real estate.

Real estate transactions: Commercial, industrial deals heat up

Commercial real estate investments are burning up the market in Cow Town. As far as real estate transactions go in Alberta, Calgary's commercial sector has been leading the pack, according to many analysts. The city has had the highest number of completed commercial deals in six years. The industrial sector is also outperforming past years. 

Real estate transactions: Prices continue downward correction

It looks as though house prices in Canada could drop even further according to the International Money Fund (IMF). Real estate transactions in Canada -- especially in larger, urban centres -- have been thwarted by a number of things such as a volatile economy and the country's mortgage stress test -- making it more difficult for players to get into the game. Calgary is among those major cities poised for an even further correction in market pricing. 

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