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...
Calgary's real estate market is booming. The city saw a 6.2% population increase in 2023. Housing inventory dropped 25% compared to August 2024. Investors now face tough competition. Real estate partnerships are key to success in this challenging market. Mark Verzyl Real Estate, a trusted Calgary agency at 403-617-9998, helps set up joint ventures. These partnerships are based on Alberta's Partnership...
When property values rise too fast compared to local incomes and economic basics, markets get risky. This situation is called a real estate bubble. It's when prices go up but don't follow a steady growth path. Calgary's housing market is a great example, with prices jumping 42% in five years before leveling off. The city's benchmark price is now $591,100, a 1.4% drop from last year, says Mark Verzyl...
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