In Calgary, landlords now own 22% more rental properties than in 2022. This is according to the Canadian Real Estate Association. Yet, nearly 1 in 3 rental owners use standard home insurance. This leaves them open to risks from tenants. Specialized insurance covers your property against damages, liability claims, and income loss. Alberta's rental laws require specific protections. Many standard policies...
Did you know 1 in 18 Calgarians are currently out of work? This 5.7% unemployment rate is more than just a number. It's changing how people view housing and creating new risks for property owners. Investors need to find better ways to protect their investments as the market changes. Mark Verzyl Real Estate helps clients deal with these challenges. They offer custom protection plans. Calgary's market is...
72% of first-time Calgary property buyers didn't check important legal documents before signing. This is risky in Canada's fast-paced real estate markets. The key document in big property deals is the real estate offer memorandum. An offer memorandum (OM) is the blueprint for commercial and multi-unit residential deals in Calgary. It includes financial plans, property details, and legal info. It's both a...
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