What will spring bring in Real Estate

Zoltan PadarUncategorized

According to the Canadian Real Estate Association, the Spring market is anticipating a drop in home prices edging down approximately 6% from 2022, putting the average home price at $662,103 in 2023. The downward trend … Read More

Ban on foreign buyers not a bullseye!

Zoltan PadarUncategorized

mortgage matters

Before the finalization of the regulations, CAPL urged the government to reconsider the definition of “acquire” so that mortgage lending entities with 3% or more foreign ownership, which gain possession, control, or right of the … Read More

Foreign buyers are out for 2 years in Canada

Zoltan PadarNews

FOREIGN OWNERSHIP OF LAND IN ALBERTA Real Estate / By Pranav Khemka In clause 6.2 of the standard Alberta Country Residential Purchase Contract (the “Contract”), the buyer makes a promise to the seller that they are eligible … Read More

Smart move, pre-approve!

Zoltan PadarMortgage

Are You looking for your first home, or have you just started to think about it? I have some first-time homebuyer tips to help make your journey as easy as possible!Some of You know about … Read More

Real Estate Purchase Prohibition!

Zoltan PadarFinances, News

Homebuying rules

Prohibition on the Purchase of Residential Property by Non-Canadians Act On June 23, 2022, the federal government passed legislation that will prohibit non-Canadians from acquiring residential real estate in Canada for a two-year period. The … Read More