For real estate investors who like to flip houses, foreclosed homes can be one opportunity to give new life to an unfortunate circumstance. There is a great deal of work that goes into fixing up a home that was once in foreclosure, especially if its condition is poor. However, Alberta designers and real estate professionals have some tips on how to prepare for this venture.
Economic trends and real estate laws can have a big impact on closing rates and housing prices. In Calgary, Alberta, a real estate agent shares that the residential real estate market has changed a great deal in the past few years. As sales in the region dropped 18 percent from last year, experts point to a few reasons and share some advice for sellers.
Cyptocurrency has led to debates and discussions in a variety of industries. Across Canada, real estate professionals have begun discussing whether real estate transactions will ever be done using bitcoin or other cryptocurrencies. In response, a renovation company in Calgary has made an unprecedented move by allowing customers to pay for services using cryptocurrencies.
Many people in Canada buy cottages or coastal homes in different provinces or even countries. In Alberta, it is not uncommon for people to purchase residential real estate in British Columbia for vacationing or retirement purposes. Those who do own such properties should be aware of a new tax levied on empty properties in Lower Mainland, Kelowna, Victoria and Nanaimo, British Columbia.