Out-of-Town Buyers, Things to Know...

Introduction
Canadian real estate laws and particularly those in Alberta are extremely strict and designed to protect the public at all times. International buyers can be secure knowing they are protected, by law, from being told false, inaccurate or misleading information by the sellers of real estate product. Actions of recourse are available for individuals who feel their purchasing decision was based on false information and fortunately it is rarely required due to the rigorous licensing standards of real estate agents in Alberta.

All real estate agents are required to be licensed and must follow a firm code of conduct and ethics that is stringently enforced. Builder’s representatives do not need to be licensed agents, and therefore it is important to know that they represent their employer in a transaction and not the purchaser. Acquiring a licensed agent to represent yourself in purchasing new or resale property does not cost you extra, and your agent will represent your best interest.

Topics of Interest - Click on a title to read information:

• What is Gazumping?
• New Condominium Construction Purchases.
• GST (Goods and Service Tax)
• Alberta New Home Warranty.
• Financing for International Purchasers, Standard Requirements For Non-Residents.
• Role of the Lawyer in Purchasing Canadian Real Estate
• Property Management.
• Rental Income Tax Matters.

Click Here to Read the Need to Reside Clause for Banff

More information about life in the Bow Valley can be found on the "Mountain Lifestyle" page by clicking this link: read more

(Jessica Stoner of RE/MAX Alpine Realty is a licensed agent in Alberta and represents International clients purchasing real estate in Canmore)