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The Real Estate Council of Alberta (RECA) regulates the real estate brokerage, mortgage brokerage, property management, and condo management industries in Alberta, Canada. RECA operates on behalf of the Government of Alberta under the authority of the Real Estate Act.
The process of remortgaging does not usually involve moving house or taking out a second mortgage on the property; it is in effect the transfer of a mortgage from one lender to another. [2] Homeowners may choose to remortgage for various reasons, usually to reduce the overall monthly mortgage payment amounts.
During this time, significant rural-to-urban migration and immigration to Canada likely contributed to the pressure on house prices. [26] By 2010, Canada began experiencing, for the first time since 1980, a synchronized housing bubble across the six largest residential real estate markets in Canada, which represent approximately 40% of all real ...
Bottom line on prepaying your mortgage. If you are worried about an impending recession and trying to decide whether or not you should pay off your mortgage, consider that access to liquid cash is ...
Binder – In law, a binder (also known as an agreement for sale, earnest money contract, memorandum of sale, or contract to sell) is a short-form preliminary contract in which the purchaser agrees to buy and the seller agrees to sell certain real estate under stated terms and conditions, usually in the form of a purchase offer, and is ...
Before the closing happens, the settlement agency must ensure that all the money that the lender and buyer expect to send into escrow matches the total amount expected by parties that need to be paid, such as the seller and real estate agents. This matching process means that accounting information is gathered and the order is “balanced.” [8]
These incentives, which may not always be advertised, vary significantly in value. They serve as part of a broader strategy to dissuade individuals from choosing a competitor. These offers apply whether you're purchasing or constructing a new house, restructuring your current mortgage, financing an investment property, or considering refinancing.
Map all coordinates using OpenStreetMap Download coordinates as: KML GPX (all coordinates) GPX (primary coordinates) GPX (secondary coordinates) As of March 2018, there are 61 National Historic Sites in the province of Alberta, 16 of which are owned or administered by Parks Canada. The first three sites in Alberta were designated in 1923: the site of rival trading posts Fort Augustus and Fort ...
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