Buying a home is a big decision, and the process can be intimidating. Getting advice from experienced real estate experts is a good idea for people looking to get into the residential real estate market in Alberta. Here is some of the more common advice real estate professionals tend to offer prospective buyers.
A recent report from a Canadian bank is comparing how rising interest rates will affect the residents of different provinces differently. The report speculates that Alberta's households will be hardest hit by the increase. Residential real estate is typically more affordable than properties in Ontario and British Columbia, however experts say that they are more vulnerable to interest rate hikes than these provinces.
One of the biggest questions facing adults across the country is whether to rent or purchase a home. Prospective homeowners in Alberta should consider several different factors before jumping into the residential real estate market. From personal finances to lifestyle, the decision whether to rent or buy is not always an easy one.
When making a major purchase such as buying a home, many people want to take steps to protect their investment. One of the most common ways to protect a purchase of residential real estate is by purchasing insurance. Title insurance is one type of insurance that is less understood but can be very advantageous for Alberta homeowners.
Real estate trends can sometimes be unpredictable. In Calgary, an increase in the sale of luxury residential real estate has caught local professionals and investors by surprise. In fact, the growth of sales in million-dollar-plus home sales in the Alberta city may be track to surpass Toronto and Vancouver in terms of growth.