How long should I wait between signing a contract to buy a house and taking possession?

When buying a new home, there are a lot of moving parts to consider. While looking ahead to a new home is very exciting, carefully consider the time you will need to get it all done. Think about the sale of your current home (if applicable), as well as the time needed to get a […]

I am selling my condominium and the Board has just resolved to issue a special assessment. Who is responsible for paying the special assessment?

Michael Good
Nov 16, 2022
Real Estate
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Under the standard real estate contract in use in Alberta, you are. However, it is negotiable and be careful if there are installment payments due after your intended sale. Special assessments are generally issued top up an inadequate reserve fund or to pay for an unexpected expense. The buyer will enjoy those benefits.

My spouse and I have separated and are in agreement on how we will deal with our assets and cash flow. Should I go ahead and put an offer on a new home?

Wendy Phillips-Berard
Jul 3, 2020
Cohabitation, Collaborative Divorce, Family Law, Real Estate
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We often receive calls from people in a time crunch: they have separated, agreed on a resolution, and placed an offer on a new home – only to learn from their bank that a new mortgage is not possible until a formal separation agreement is in place. Even if you and your ex-spouse agree on […]