As a new buyer or a seller, you’ll need to navigate Calgary real estate’s unique rules and regulations.
In this section, we’ll outline the basics and offer tips for getting started.
Real estate rules and procedures When it comes to buying and selling, Calgary rules are a bit different than other major Canadian cities.
For one thing, there’s no real estate commission.
Instead, there are a few rules that apply to all property owners.
If you’re new to real estate and don’t know the basics, the real estate department at your local city hall might have you covered.
You also have to meet certain requirements to be approved for a property-tax break.
For instance, if you live in a condo building, you’re not eligible for a land tax break.
You must, however, live on the land.
You don’t have to sell your property if it’s on the market or you’re selling it for less than $300,000.
If a home is on the block, you need to buy it at auction.
If the seller wants to sell it, they’ll have to pay a premium price and be approved to do so.
(CBC News) Here’s a look at what Calgary’s real estate rules are and how to navigate them.
Real-estate rules and requirements for buying and sales Calgary has a number of rules that set out the requirements for property owners who want to buy or sell real-estate in Calgary.
To buy, you can apply for a buyer’s permit.
Once you’re approved, you have to follow certain rules to get a property permit.
The real estate unit you live on must have the following characteristics: be a home-based residence, or home to a family, as defined by the province or city of Calgary.