Author: Integrity Legal Solutions

By Lev Kramar, Integrity Legal Solutions · Calgary, Alberta If there is a mortgage involved, a lawyer is not optional when you sell property in Alberta. Your lawyer reviews the contract, prepares the Transfer of Land, obtains your mortgage payout statement, holds the buyer’s funds in trust, pays out and discharges your mortgage, prepares the…

By Lev Kramar, Integrity Legal Solutions · Calgary, Alberta The statement of adjustments is the closing math. It starts with the purchase price, subtracts your deposit, adds credits owed to the seller for costs they prepaid, subtracts credits owed to you, and arrives at one number: the balance you must pay the seller on possession.…

By Lev Kramar, Integrity Legal Solutions · Calgary, Alberta Legal fees for a residential purchase in Calgary generally run from roughly $800 to $1,500 plus GST. Disbursements are separate and are dominated by Alberta Land Titles registration fees, which since October 2024 are charged at $50 plus $5 per $5,000 of value on both the…

By Lev Kramar, Integrity Legal Solutions · Calgary, Alberta A Real Property Report is a survey drawing prepared by an Alberta Land Surveyor showing where every structure sits on the lot. A Certificate of Compliance is the City of Calgary confirming those structures satisfy the Land Use Bylaw. Title insurance is a one-time policy covering…

By Lev Kramar, Integrity Legal Solutions · Calgary, Alberta Joint tenancy carries the right of survivorship. When one owner dies, their interest passes automatically to the surviving owners outside the estate and outside probate. Tenancy in common carries no survivorship. Each owner holds a defined share, which can be unequal, and that share passes under…

By Lev Kramar, Integrity Legal Solutions · Calgary, Alberta GST of 5 percent applies to newly built homes in Alberta. Resale homes are exempt. The long-standing GST New Housing Rebate returns 36 percent of the GST to a maximum of $6,300, phasing out between $350,000 and $450,000 and disappearing entirely above $450,000. The first-time home…

By Lev Kramar, Integrity Legal Solutions · Calgary, Alberta When you buy an Alberta condo you buy a share of the corporation along with the unit, including its debts, its deferred maintenance, and its litigation. The document package tells you what you are inheriting. The estoppel certificate confirms the financial position of your specific unit…

By Lev Kramar, Integrity Legal Solutions · Calgary, Alberta Alberta charges no land transfer tax. Instead, buyers pay Land Titles registration fees calculated at a $50 base plus $5 for every $5,000 of value, applied separately to the title transfer and to the mortgage. On a $600,000 home with a $480,000 mortgage, that totals roughly…