Lintott Law
Advising On Real Estate And Foreclosure Law In Calgary
403-879-1613
Areas & Topics

November 2018 Archives

Positive outlook for Alberta real estate transactions to 2020

The future looks bright for the real estate market over the next few years. Analysts say Alberta has a sunny future where residential real estate transactions are concerned and things will really start to roll in the housing market come next year. A Canada Mortgage and Housing Corporation (CMHC) senior analyst said the market was left listless due to low investment levels and unemployment since 2015, but that is all changing.

Cold Lake on the map for affordable residential real estate

It may have the word "cold" in its name, but Cold Lake is pretty hot where real estate is concerned. In fact, the northern Alberta town is one of the top places in the country for affordable residential real estate. A leading real estate website in Canada figured out home prices to income ratios for all significant Alberta markets and used that data in a comparison to single or dual median household incomes in that area.

Real estate transactions: Western Canada hot investment market

Western Canada seems to be where it's at in terms of investment real estate. Two of the top five areas for investment real estate transactions are located in Alberta. Okotoks and Leduc round out the top five communities and are on the rise population-wise as well.

Courts have authority to revamp foreclosure redemption time

The court has the authority to reduce the six-month period of redemption for payments owed on a mortgage. An Alberta property owner has that amount of time to bring the mortgage up to date before foreclosure proceedings begin. That time can be reduced if there is very little or no equity in the property.

Contact

Lintott Law
2913 Centre St N.W.
Calgary, AB T2E 2V9

Phone: 403-879-1613
Map & Directions