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Canada is a nation heavily dependent on the real estate industry which accounted for roughly 14% of its GDP in 2020 [126] and over 20% in 2023. [127] There is a high risk that if investor sentiment changes, buyer demand may drop significantly, triggering a vicious cycle of prices declines that snowball . [ 128 ]
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Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics.
When a real estate appraiser works with a business valuation appraiser (and perhaps an equipment and machinery appraiser) [8] to provide a value of the combination of a business and the real estate used for that business, the specific market value is called "going concern value". It recognizes that the combined market value may be different ...
Real estate investment trusts , which began when the Real Estate Investment Trust Act became effective on January 1, 1961, are available. REITs, like savings and loan associations, are committed to real estate lending and can and do serve the national real estate market, although some specialization has occurred in their activities. [6]
Southern Alberta is a region located in the Canadian province of Alberta. In 2016, the region's population was approximately 291,112. [1] The primary cities are Lethbridge and Medicine Hat. The region is known mostly for agricultural production, but other sectors, such as alternative energy, film production and tourism, are emerging.
The County of Forty Mile No. 8 is a municipal district in south eastern Alberta, Canada. It is located in Census Division 1, southwest of Medicine Hat. Its municipal office is located in the Village of Foremost. The "Future Home of Kmart" sign located inside of the abandoned locality of Nemiskam inside of Forty Mile No. 8 County
Irvine is a hamlet in Alberta, Canada within Cypress County. [3] It is located approximately 35 kilometres (22 mi) east of Medicine Hat on Highway 1 and has an elevation of 763 metres (2,503 ft). The hamlet is located in census division No. 1 and in the federal riding of Medicine Hat .