To ensure that future borrowers and lenders alike are aware of a potentially significant change in Mortgage registration fee calculations at the Alberta Land Titles Office, and to help prevent any registration fee surprises...more
There is a potentially expensive fee change on the horizon here in Alberta that may catch lenders and borrowers with large and/or multi-jurisdictional credit facilities unaware.This change will affect mortgages (collateral or...more
On September 27, 2024, the Government of Alberta announced that the fee increases foreshadowed in their spring budget will take effect on October 20, 2024, when the amendments to the Land Titles Act and the Tariff of Fees...more
10/2/2024
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Closing Costs ,
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Land Titles ,
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Real Estate Transfers
The Government of Canada has announced a two-year extension to an existing ban on foreign ownership of Canadian housing. The Prohibition on the Purchase of Residential Property by Non-Canadians Act (the Act) was set to expire...more
On December 2, 2022, the Privy Council passed an Order in Council confirming regulations related to the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the Act). The Prohibition on the Purchase of...more
What Is the Underused Housing Tax and Why does It Matter? The federal government's Underused Housing Tax Act1 (the Act) and the associated Underused Housing Tax Regulations2 (the Regulations) both took effect on January 1,...more
On December 2, 2022, the Privy Council passed an Order in Council confirming regulations related to the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the Act). The Prohibition on the Purchase of...more
Key Highlights -
- Prohibition on the Purchase of Residential Property by Non-Canadians Act comes into force on January 1, 2023.
- Impact of the Act will be clearer once the federal government releases draft...more
The Province of Alberta will become the Canadian leader for utility-scale wind and solar capacity in five years, according to a recent analysis by Rystad Energy. A flurry of renewable projects in Alberta would increase...more
In Condominium Corporation No 042 5177 v Kuzio, 2020 ABQB 152 [Kuzio], the Alberta Court of Queen's Bench determined that section 32(5) of the Condominium Property Act does not invalidate condominium bylaws that restrict or...more
Alberta’s provincial election is fast approaching and that can only mean two things: bright-eyed candidates door-knocking across the province, and an increasing number of calls to our office from landlords and property...more