Category: Uncategorized
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What Edmonton Homeowners and Investors Should Know About Power of Sale in Canada
The Power of Sale process in Canada allows lenders to sell properties without court involvement when borrowers default, offering a faster and cheaper alternative to judicial foreclosure. Borrowers retain rights such as a redemption period and proper notice before sales. This process affects property values and investor strategies, reflecting broader economic conditions, and is essential…
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Alberta Cuts Capital Loan Rates, Saving Millions!
Alberta's government will reverse a previous rate hike on capital project loans, saving municipalities millions annually.The policy reversal in 2025 will return lending rates to pre-2021 levels, benefiting municipalities, counties, airports, and irrigation districts.
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Alberta Boom Fuels Canadian Housing Starts
Alberta’s housing market surged in 2024, with strong construction activity in Calgary and Edmonton. Alberta's boom led to a 4% rise in housing starts across Canada’s six largest metropolitan areas.
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The best neighbourhoods in Edmonton
Edmonton is a popular Canadian city for newcomers, known for its affordable housing, vibrant culinary scene, and year-round festivals. Key neighborhoods include Old Strathcona, Glenora, Downtown, Ritchie, Oliver, Highlands, Westmount, Garneau, Strathcona, and Cloverdale. Each area offers unique attractions such as historic sites, parks, local businesses, and community events. Continue to full article
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Edmonton Launches $39M Housing Infrastructure Fund!
Edmonton launches a $39 million Infill Infrastructure Fund to support new housing developments. Funding covers up to 100% of eligible off-site infrastructure costs, ranging from $100,000 to $4 million.
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Alberta Cities With the Highest and Lowest Property Taxes
The highest property tax rates: – Lacombe: 1.12% – Camrose: 1.12% – St. Albert: 1.13% – Grande Prairie: 1.27% – Wetaskiwin: 1.33% The lowest property tax rates: – Canmore: 0.46% – Chestermere: 0.53% – Calgary: 0.64% – Cochrane: 0.64% – Airdrie: 0.65%
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Bank of Parents: 5 Tips to Consider Before Borrowing
1. Determine if family financial help is a gift or loan; document clearly with a gift deed or loan agreement. 2. Understand potential tax implications and consult financial planners to ensure affordability for both parties.
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National Day for Truth and Reconciliation
National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences. It's a symbol of Canada's commitment to reconciliation with Indigenous communities. Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools. May this day inspire a future where every voice is heard, and every spirit…
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First-Time Home Buyer’s Guide: 10 Steps For Buying Your First Home
Buying your first home requires careful preparation, especially with high housing prices in Canada. A down payment typically ranges from 5% to 20% of the home's price, with additional costs like closing fees, home inspections, and property taxes. First-time buyers can access various incentives, such as the First-Time Home Buyers Incentive and the RRSP Home…
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Forecasting Canadian Market Post-Rate Cut by History
Current housing affordability in Canada mirrors past peaks, indicating low rates don’t always boost Real Estate. Historical data shows that significant rate drops didn’t always help Real Estate; home prices often declined instead.