Barry C. McGuire

Barry C. McGuire: Real Estate Lawyer, Investor, and Teacher in Edmonton. A law blog for regular people, making Alberta real estate easy.

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Latest from Barry C. McGuire

Saturday, August 22nd An All-Day Virtual Event Why Now Is A Good Time For The Agreement For Sale Strategy: The past few years of Economic activity (or lack of), Government ‘tinkering’ with the mortgage rules, and financial uncertainty, have created a perfect storm for using the Agreement for Sale strategy. Due to outside influencers, and the ever-changing Real Estate market cycle conditions, Agreements for Sale have proven to solve many financing and marketing problems. There…
Podcast Episode 128: “Secondary Suite Grudge Match.” Would-be Calgary Landlord Builds Legally-Approved Secondary Suite but Gets Stifled by Restrictive Covenant on Title for Neighbourhood’s Single-Family Dwellings. And now for the main event! This Real Estate Regulation League title fight is scheduled for five rounds in the heavyweight division. At stake is the Secondary Suite Championship Belt! The reigning, defending, undisputed champion, Restrictive Covenant, is the long-time king of title encumbrances, boasting a hundred-year track record…
Podcast Episode 127: “3×3 Permits.” This is the third Tale in my recent mini-series on Real Property Reports (RPR), municipal compliance, and building/development permits. Our first two Tales dealt with the maze of bureaucracy that surrounds permits and the dangers of not getting a clean RPR with compliance when buying real estate. As per usual, my examples are from Alberta, because that’s where I practise law, but these issues are relevant across Canada and beyond.…
Podcast Episode 126: “Trapped in a Permit Maze.” This Tale from the Trenches is the second in our ongoing mini-series on permits for real estate. You know, those sometimes-nasty bits of paper that towns, cities, counties, and other municipalities require before you can do certain types of work on a property. From my perspective as a real estate lawyer, I think it’s fair to say that the permit landscape has changed over the last few…
Podcast Episode 125: “Hot Tub Trials and Tribulations.” This episode of Tales from the Trenches is shocking! A client had retained my legal services to help with purchasing her dream home in Edmonton, Alberta. The seller provided a brand-new real property report (RPR) to my client, who in turn sent the RPR to me for review. There were a few red flags, but not even decades of experience as a real estate lawyer could prepare…
Season’s Greetings! Donna and I would like thank everyone for their ongoing support and to send our wishes for a very merry Christmas and an exuberant New Year. A new decade starts on January 1st, 2020, so here’s to health, wealth, and happiness for all!…
Podcast Episode 124: “Non-Resident Taxes Part II.” Like all things tax related, non-resident tax is complicated when it comes to buying and selling real estate in Canada. In February, 2016, I posted a lengthy blog on non-resident tax and how it can affect buyers, sellers, and realtors. Lots of liability and dangerous situations here, folks, so don’t treat non-resident tax lightly. If you have a non-resident tax situation, please read the previous post (link
Back in the good ol’ days before the world financial crisis of 2008, it was relatively easy for Canadians to get mortgages. Since then, successive governments have imposed increasingly strict rules on borrowing money to buy real estate. With a newly elected Liberal minority government promising to make housing more affordable, we might hope some of those rules will be relaxed—or at least that buyers will benefit from new incentives. For the moment, however, Canadian…
Short-term rentals like Airbnb are becoming increasingly popular. We get a huge number of inquiries about them at my real estate law office in Edmonton, Alberta, and I know that folks are concerned about them across Canada. The legal issues with short-term rentals often have to do with local zoning regulations for a property, which can vary by city and even by neighbourhood. The tax implications of Airbnb (or its competitors like Vrbo, HomeAway,…
Anyone who follows me knows that I love Agreements for Sale (AFS)! It’s a seller financing strategy that is so, so relevant in today’s tough Canadian real estate market—especially in Alberta. AFS is a classic way of buying property with very little money out of your own pocket. On September 14th, we’re running a special AFS Intensive Focus Workshop, featuring comprehensive tools to help both new and established investors achieve financial success. Why Attend…