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What is an Open House? An open house is a scheduled period when a property for sale is open for viewing by potential buyers without requiring individual appointments. As of June 2025, approximately 78% of real estate transactions in Alberta involve at least one open house viewing, with weekend open houses generating 43% more foot […]
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What is a Certificate of Occupancy? A certificate of occupancy is an official document issued by local municipalities in Alberta that confirms a building or structure meets all applicable building codes, zoning requirements, and safety standards before occupancy. As of June 2025, Alberta municipalities issued over 45,000 certificates of occupancy annually, with processing times averaging […]
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Smart property investment starts with understanding numbers. Whether you’re eyeing a Toronto condo or a Calgary rental, knowing your returns is key. Real estate offers two profit streams: steady cash flow and long-term value growth. Investors often compare property returns to traditional options like the S&P 500. This index has averaged 10% annual gains over […]
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In Canada, a real estate partnership lets two or more people own property together. They do this for shared financial goals. CRA rules say they can split profits, losses, and tasks. Partners can buy investment properties or develop land. They use their combined money and skills. This way, they can tackle bigger projects together. These […]
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In 1964, sociologist Ruth Glass first used the term “gentrification.” She described how working-class London neighborhoods changed when wealthier people moved in. Today, this change is happening in cities all over the world, including Canada’s biggest cities. Gentrification means more money and different people coming into a neighborhood. This can make property values go up […]
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Real estate paperwork can be overwhelming, even for first-time buyers. In Alberta’s fast-paced housing market, it’s key to understand your closing documents. These documents outline your rights, what you must do, and the details of your property deal. New Homes Alberta makes it easier by breaking down complex contracts. They explain everything from purchase agreements […]
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