Podcast Episode 108. In this post we are going to focus on the commercially reasonable requirement for RRSP mortgages in Canada. If the CRA decides to audit your RRSP, will you be onside or offside their rules?
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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How to Lose a Deposit: Unmet Conditions Can Sink a Real Estate Deal
Podcast Episode 107. The notion of doing or accomplishing your own Due Diligence is what allows you to make a buying decision. Will you buy or not buy? In this Tale, a deal falls through because of a lack of…
Secondary Suites and Real Property Reports in Alberta
Podcast Episode 106. Are you looking to buy a property with a secondary suite? Ideally, you want to buy properties with legal secondary suites. But guess what? A Real Property Report doesn’t prove a suite’s legality in Alberta.
Legal vs. Illegal Rental Suites in Edmonton
If you’re buying a piece of real estate with the intention of renting out its Secondary Suite, make sure you know what you’re getting into or risk not getting that rental income. Even worse, you could lose money.
How to Pick a Lawyer for Mortgages, Refinancing, and Buying or Selling a Home
What lawyer for buying or selling property, you ask? When we get a new real estate file at my law firm, I take a look at what lawyer/law firm is representing the other party. If it’s a law firm that…
Buyer and Seller Using Same Real Estate Lawyer
This question comes up all the time in my Alberta real estate legal practice. I’ll get a call from a buyer or seller, we discuss the details of their purchase or sale and then the question comes up: “This is…
Wills, Estates, and Selling Property
Podcast Episode 105. For a quick review, probate is the process whereby an executor of a Will, usually through a lawyer, makes application to the Probate Court here in Alberta for what is known as a Grant of Probate. The…
Guarantees, Title Insurance, and New Legal Precedent in Canada
Podcast Episode 104: “Sellers, Are You Guaranteeing Title?” Wow, a recent bombshell of a legal case from the Ontario Court of Appeal is causing huge ripples in the Canadian real estate world. In the Courts and in the world of…
Rare Investing Opportunities with Creative Real Estate Strategies
This is the classic low/no equity agreements for sale (AFS) deal. Essentially, the property owner took our classic AFS question and turned it around on our investor. Basically he said, “are you interested in buying my apartment building for no…
Rare Investing Opportunities with Creative Real Estate Strategies
This is the classic low/no equity agreements for sale (AFS) deal. Essentially, the property owner took our classic AFS question and turned it around on our investor. Basically he said, “are you interested in buying my apartment building for no…