Understanding Title Insurance Protection

As incidents of real estate fraud increase throughout Canada, homeowners and lenders are proving to be irresistible targets for fraudsters. To help protect yourself against huge financial losses caused by title fraud, you may consider purchasing title insurance. Unfortunately, many home buyers purchase title insurance without knowing what the actual covered includes. Others fail to purchase an insurance policy altogether. In this article, we discuss key things buyers and owners of real property should know when considering whether to purchase homeowners title insurance. You must purchase title insurance through a law firm in Alberta.

What Is Title Insurance?

Title insurance is an insurance policy that

Come see us on June 2 between 2:00 - 4:00pm. There will be a number of fancy houses in this neighbourhood that will be open to the public!!

• 18 Oscar Court - CA0164350 - $999,500
• 42 Overand Place - CA0165899 - $514,900
• 80 Oakwood Close - CA0158849 - $649,900
• 52 Oakdale Place - CA0162548 - $549,800
• 90 Oaklands Crescent - CA0161074 - $575,900

Backing onto a treed reserve on the Red Deer River & the Red Deer Golf and Country Club. You couldn't get much closer to nature with these quiet settings, come see what Oriole Park West in Red Deer has to offer! We'll see you this weekend :)

Remember Even If It Looks Like A Form: It Is A Legal Contract To Buy A Home

Every year in Alberta, thousands of people enter into Alberta real estate purchase contracts to buy and sell homes. The process of buying a home in Alberta is exciting. Sometimes people lose site of the fact that pre-printed, sometimes electronic real estate purchase contracts are legally binding contracts. While there are different residential purchase contracts for different types of properties, the main legal points are similar. Once signed and conditions are waived, you are required to go by the terms of the contract. If you cannot or will not, you can be sued. If you have never purchased a home before, we recommend visiting our First Time Home Buying page.

WATCH: Federal budget 2019: Incentives for first-time home buyers, skills training

Can’t afford to buy a house? The government may take on part of the cost.

That is the gist of the boldest proposal that Budget 2019 puts forth to help more middle-income Canadians fulfill their homeownership dream.

Under the new CMHC First-Time Home Buyer Incentive, the Canada Mortgage and Housing Corporation would use up to $1.25 billion over three years to help lower mortgage costs for eligible Canadians.

The money would go to first-time home buyers applying for insured mortgages. Borrowers would still have to pony up a down payment of at least

**SOLD** In just 15 days this property was SOLD for 98% of the asking price. These clients were eager to take advantage of the current market, as they needed to up-size their home. Strong marketing combined with an accurate & strategically priced home, equals results.

Looking for a starter home or an investment to add to your portfolio? Check out this rare opportunity in Rosedale Estates! You could own a 5 bedroom, 3 bathroom home with a double detached garage for under $280,000. You’ll be impressed with just over 2200sqft of finished living space, a fully fenced yard with RV parking & 20' X 22' garage big enough to park two vehicles. With 3 bedrooms on the main floor, this house is ideal for families with young children. Most of the upper level

Understanding Which Alberta Land Title Registrations Are Important

Under the land registration system used in Alberta (which is based on the Torrens System of land registration), instruments registered on title are guaranteed by the Government of Alberta. This means that anyone can rely on the validity and security of instruments registered at the Alberta Land Titles office. An instrument registered on title to a property will “run with the land”, which means it will remain on the title unless there is a specific mechanism in place to have it removed. When buying a home in Alberta, it’s important to understand which registered instruments to pay attention to when reviewing the property’s land title certificate. Here are the top ten Alberta

Residential sales reported through the MLS® System of the Central Alberta REALTORS® Association numbered 340 units in September 2018. This was down a slightly 2.3% (eight sales) from September 2017.

On a year-to-date basis, home sales totalled 3,146 units over the first nine months of the year. This was an increase of 3.2% from the same period in 2017 and stood above 2016 as well.

Residential sales activity in all of Alberta, by comparison, was down 9% in September 2018 compared to September 2017.

There were 695 new residential listings in September 2018. This was down 8.7% on a year-over-year basis.

Active residential listings numbered 4,327 units at the end of September. This was up 3.4% from the end of August 2017 and marked the highest

With no change in the economic climate, Sylvan Lake’s sales activity totaled just 22 units in October, bringing the total number of homes sold to 261 year to date. The average selling price has jumped to $312,386 an 9 per cent increase from just last month. This merely means more expensive listings have sold in October compared with those same number of sales (22) in September.

If possible, potential buyers may want to take advantage of the market conditions. However, some face difficulties with mortgage restrictions or failed attempts at selling their existing home. Accurate & strategic pricing is key to over coming an extended listing. A seller should not be discouraged, & rather be encouraged by the advantage of also purchasing within such

With no change in the economic climate, Red Deer’s sales activity totaled 107 units in October, a 16 per cent decline over the previous year & well below long-term averages. There was a pullback in sales across all product types, leaving supply levels high, resulting in persistent oversupply & price reductions. The average selling price comes in at just $307,587 an 10 per cent decline over the previous year.

If possible, potential buyers may want to take advantage of the market conditions. However, some face difficulties with mortgage restrictions or failed attempts at selling their existing home. Accurate & strategic pricing is key to over coming an extended listing. A seller should not be discouraged, & rather be encouraged by the advantage

All private businesses across Canada, including residential landlords and real estate brokerages, will be impacted by the latest changes to the Personal Information Protection and Electronic Documents Act (PIPEDA) beginning Nov. 1. PIPEDA is Canada’s federal private sector privacy law that sets out the ground rules for how businesses, including landlords, must handle personal information in the course of their commercial activity. PIPEDA was significantly amended when the The Digital Privacy Act received Royal Assent in June 2015.  

Under PIPEDA, landlords must:

• Obtain a tenant’s consent to collect, use or disclose a person’s personal information.
• Identify the reasons for collecting the personal information before collection and only ask for