Focus on Real Estate: Quick Tips. The way to become a real estate investor is by getting going. No matter how much you plan, analyze, and prepare, your first real estate investment deal is probably going to be a bit
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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First-Time Home Buyer in Alberta
I’ve got a purchase contract for buying a house. What’s next? Congratulations, you’ve done it! It’s been a long journey. You thought about it and talked about it and finally decided, “it’s time to buy our new home!” As a…
Sales Tax on Real Estate Purchase
Focus on Real Estate: Quick Tips. Do you have to pay sales tax when buying a home or investment property in Canada? The short answer is yes, but it varies by province as to how much you’ll have to pay.…
Disappearing Tenants and Vanishing Buyers
Podcast Episode 98: “Don’t Wait, It Only Gets Worse; Discharge That Caveat.“ The first part of this Tale is about an Alberta landlord with tenant problems. The renter usually paid on-time, but then the rent started coming late. The tenant’s…
How to Avoid Mortgage Fraud
Podcast Episode 97: “Mortgage Fraud.“ The simplest way to avoid committing mortgage fraud is to fully disclose everything about a deal to your lender. If they are satisfied, then you’re probably okay. But what happens if someone else is defrauding…
How Long to Close a Real Estate Deal?
Focus on Real Estate: Quick Tips. Closing a real estate deal in Alberta has two parts. The first is when you are putting together the purchase contract. The second is after conditions have been removed from the contract. In this…
Edmonton Real Estate Lawyer Legal Fees Cost
“How much are legal fees to buy and sell a house in Alberta?” This is the number one search, the question everyone wants answered. So, here are some answers based on my law firm (RMLO Law LLP), and some comments…
Interest Rates on RRSP Mortgages
Podcast Episode 96: “RRSP Mortgages.“ In Canada, it is possible to use money held in a Registered Retirement Savings Plan (RRSP) to fund mortgages. While this strategy can yield a nice steady return on investment, there are rules in place…
Due Diligence Fails
Podcast Episode 95: “A Couple on Due Diligence“ I talk a lot about due diligence because it is one of the most important aspects of achieving success with real estate. This is a two-part Tale, showing a couple different examples…
Why Does my Real Estate Lawyer Need my ID?
Focus on Real Estate: Quick Tips. In the last video, identification was mentioned as one of the things to bring to your lawyer’s office when closing a real estate deal in Alberta. Why is that? Doesn’t your lawyer already know…