Category Archives: Real Estate

UPDATING REAL PROPERTY REPORTS

Further to our blog last year introducing the requirement of Real Property Reports (RPR) in real estate transactions in Alberta (not required with most condo sales), we return to this topic to discuss the question as to when an RPR has to be updated. The seller of a home is normally required to provide the…
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Real Estate -Surface Rights and Mineral Rights

On most Land Titles in Alberta we see a notation like this attached to the Legal Description: “EXCEPTING THEREOUT ALL MINES AND MINERALS AND THE RIGHT TO WORK SAME”. If I return to my introductory Property Law courses, I can explain what this means. Land refers not only to the surface, but extends down also…
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GST ON A SUBSTANTIALLY RENOVATED HOME

It is well understood that GST is not payable in the purchase of used residential housing. GST is payable on the purchase of a newly constructed or substantially renovated residential home. The GST tax rate is 5%, subject to rebates. I will talk about the GST rebate in next month’s blog. A client recently asked…
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REAL ESTATE – HOME OWNERS AND ALBERTA’S CARBON TAX

This is a topic we want to keep a close eye on in 2017. We will update this blog as more information becomes available. I’m most interested to see further details soon from the new Energy Efficiency Alberta agency. Following is an explanation of the new Carbon Tax as detailed by the government: Starting January…
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