What is Radon?
Posted on Feb 21, 2022
You may have heard or Radon recently, but what is it? And why is it important?
Radon is a chemical element which is a radioactive, colorless, odorless, tasteless gas. It comes from the breakdown of uranium in soil and rock. When radon us released from the ground into the outdoor air, it is diluted and not a concern. When it is in enclosed spaces, li...
Material Latent Defects?
Posted on Feb 15, 2022
When selling your home, a listing agreement must be signed with your Real Estate Professional. In this agreement you will be asked if there are any known defects in the property that are not easily observable but would materially affect the value of the home or the buyers decision to purchase it, known as a material latent defect. Material latent d...Real Property Reports
Posted on Feb 07, 2022
There have been many instances when I've requested a Real Property Report from a client and been met with a blank stare.
Many people don’t know what they are, where they are, or why they need one. In Calgary, a real property report with a City of Calgary compliance stamp is an necessary document to be supplied by the seller of a house or bareland co...
Inflation & Interest Rates
Posted on Jan 31, 2022
Early in the Covid-19 pandemic, the Bank of Canada slashed its overnight lending rate with the idea of driving down borrowing costs and stimulating activity in a shattered economy. Things have significantly improved since the beginning of the pandemic and the unemployment rate has dropped to around 6%- down from the high of 14% in 2020. The low int...
Property Assessments
Posted on Jan 25, 2022
In January of 2022, Property Assessments were mailed out to property owners in the City of Calgary. In 2022 the total assessment amounted to $313.5 billion, a $16.5 billion increase since 2021. As a result of the 2022 Assessment, the typical change between this year and last was 6% for residential and -5% for non-residential properties. The detache...
Should You Rent or Buy?
Posted on Jan 17, 2022
Often people say you are throwing your money away if you choose to rent and pay someone else’s mortgage, but this isn’t always the case. The most important factor in making the decision to rent or buy is to determine how long you plan on staying in the home. The longer you intend to stay the more cost efficient it becomes to own a home. A home’s va...