Short Answer 5% on $500,000, 10% on the balance – up to 1 million dollars (CMHC insured mortgages) Long Answer *Update* The lending rules for CMHC have recently changed (December…
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Short Answer No. Long Answer Condo fees are charged by the condominium corporation to run the day-to-day business of a condo as well as pay for future repairs and…
Short Answer Neither. Long Answer When it comes to lot shapes, there are all kinds of benefits and drawbacks to each. Just to clarify, frontage is the width of the…
Short Answer $0.00 Long Answer No condo fee has ever had profit built into it. No one ‘owns’ a condo besides the individual owners who are the ones who set…
Short Answer No. Long Answer Edmonton property taxes are charged to the registered owner of the property. If you sell your home, you are no longer the owner and do…
Short Answer Not very accurate. Long Answer Every year, the City of Edmonton comes up with a value for every property in Edmonton. It isn’t easy to estimate the values…