Property division laws for two people living in a relationship of interdependence, such as a common-law couple, changed on January 1, 2020.
In Alberta, when a married couple divorces, both spouses are entitled to a portion of the marital property according to the Matrimonial Property Act, RSA 2000, c M-8. This legislation provides the courts the framework for the distribution of marital property between spouses.
Before January 1, 2020, this did not apply to common-law couples. The Matrimonial Property Act only applied to married spouses or former married spouses. But now most Canadian jurisdictions, including Alberta, recognize that persons in common-law relationships, or "Adult Interdependent Relationship," are entitled to property division rights if the relationship breaks down.
Bill 28, the Family Statutes Amendment Act, 2018, received approval on December 11,...
Purchasing a home is a big decision and a thorough home inspection is absolutely necessary in the buying process. We refer our clients to 
- their objective is two fold: To ensure a quality product for the home buyer, and to assure every client that their new home will provide a safe environment for their family. They are available 24/7 to service the greater Calgary area and to answer any questions, call 587.888.6181 or email them at book@prospections.ca to book your appointment.
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Why Use A REALTOR®: When Buying or Selling a Home
Real estate transactions are one of the biggest financial investments most people encounter in their lifetime. Seeing the small upside cost and the large downside risk, it would be unwise to consider a deal in real estate without the professional assistance of a REALTOR®.
Whether buying or selling, you’re involved in a complex process requiring many professionals. One of these professionals is a REALTOR®, who’s responsible for making the transaction as efficient and as easy as possible for you. Your REALTOR® will ensure the transaction is completed competently and professionally. You can get advice from someone with an in-depth knowledge of the local housing market. And you can count on the help of a professional who has committed to serve you with...
CMHC on Deck to Make Things Easier for Self-Employed Borrowers
Qualifying for a mortgage is the first step when looking for Calgary homes for sale, as this is an integral part of the process that prepares you to obtain the keys to your beautiful new home. Canada Mortgage and Housing Corp. is now making changes that will make it much easier for the self-employed to effectively qualify for a mortgage. Self-Employment has long been a dream for many: you can set your own hours, be your own boss, and leverage the daily functions of your business in...
When buying a house in Calgary, finding the right real estate agent to represent you is one of the keys to finding the right home to suit your needs. As you search through your options, it is helpful to understand the differences between a real estate broker and a real estate agent as well as how these professionals can help you through the buying process.
What is the Difference Between a Real Estate Agent and Real Estate Broker?
A real estate broker is a professional who is licensed to manage his or her own business. As independent sales people, they often sell real estate that is owned buy others. In addition to helping clients buy or sell property, they may also help...
What to Expect When Buying your First Calgary Condo
Your journey in purchasing a condo for the first time can be both challenging and exciting. You have to be all prepped up for all types of soul-searching and decision-making. After all, this is one of the biggest investments of your life and you don’t want to end up making the wrong choice.
By now, you might have countless questions running through your mind. Here is some relevant information to point you in the right direction:
Know what you...
We think it’s going to be a fairly decent year for real estate in Calgary.
This morning was the annual Calgary Real Estate Board’s Forecast Breakfast and whether the market is up, down or sideways we always come away with renewed vigor and optimism about how the year is going to go. And today’s event was no excpetion.
CREB always likes to be cautiously optimistic and has announced that 2018 will offer its share of challenges. The road to economic recovery continues to be bumpy – nothing is happening overnight – but there’s every indication that we can safely adopt an optimistic attitude.
The Short Term
Over coffee and dainties this morning, we...
It’s a fresh New Year, full of promise and optimism especially when it comes to Calgary Real Estate. What will happen with house prices? Will condo prices ever pick up after a 10-year slump? And, now that I’ve waited for the recession to end, should I sell this year?
As I write this, we’ve all just learned that Amazon has chosen not to relocate a facility for its HQ2 in Calgary. We didn’t even make the short list of 20 different cities (like Toronto did). I read a few predictions about 2018 from various Calgarians at the end of December that declared that Amazon and the reported 50,000 new jobs that would come with...
We love to tout storm water ponds as community features when selling homes in Calgary. Listed on feature sheets as community benefits, today’s storm water ponds are surrounded by graceful bull rushes and native grasses gently blowing in the breeze, attracting water fowl and reflecting with the red and orange hues of a setting sun.
This time of year as the ponds freeze over, seemingly presenting an opportunity for some old-fashioned 3 on 3 pond hockey, the community ponds can turn from treasure to tragedy real quick. Because even if we were to sustain temperatures of -20 for weeks at a time in Calgary,...
Your little piece of Calgary real estate could quietly be killing you.
The soil on the Canadian prairies has some of the highest concentrations of naturally occurring radon gas in the country. There’s no odour – no taste and no hissing sound as it seeps into your home. While scientists have been compiling data on the prevalence of radon in Calgary since the 1970s, there is still not enough data to truly give us the whole picture. But the preliminary findings are enough that every Calgary home owner should take action.
I watched some news stories this week about radon gas in the city and a new campaign called ...
