What is a Real Property Report? A Real Property Report (RPR) is a document that illustrates the location of visible improvements (for example, a house, garage, shed, deck, or fence) located on a property relative to the property boundaries. RPRs are not prepared for condominium units. An RPR includes the following: The legal description of the property; Dimensions and directions of all property boundaries; Designation of adjacent properties, roads, lanes; Location and description of all relevan ... Full Article...

Fears of a housing bubble in some areas of the country have moved the Canadian government to tighten up lending rules in Canada. We applaud the changes, although we're not sure the fears of a bubble were completely warranted. That said, the changes make a lot of sense and probably always should have been in place. The changes are: When applying for a mortgage you must qualify for a 5-year fixed rate mortgage -- as opposed to the three-year standard in place right now, even if you are going to t ... Full Article...

  Wallets strapped homeowners these days are looking to cut expenses. Sometimes, that means deferring maintenance that should be done– things like fixing leaking pipes or getting a new water heater. But putting off repairs is a losing proposition for homeowners, especially in today’s housing market. That’s because many home buyers are as low on cash as today’s home sellers. House hunters don’t want to inherit another homeowner's problems. They want a home that will ... Full Article...

  Think about these important tips when you start planning your renovations, and visit CO2RE at the show or online www.edmonton.ca/co2refor more information. High Efficiency Heating Systems With ever increasing energy costs, a high efficiency heating system (90% or higher) will provide substantial long-term savings. Ask for Energy Star rated furnaces, boilers, heat pumps, appliances and programmable thermostats for maximum energy efficiency. Air Sealing Air leaks can increase heating costs an ... Full Article...

  Here is new realise from REALTORS® Association of Edmonton:  Single family homes sold through the Edmonton MLS® System sold on average for the same amount in January as at year-end while condominium prices dipped 2%. Month-to-month sales slowed by 6.8% as compared to December but the number of new listings in January doubled the December numbers. The average residential price was $314,783 for January, down 1.4% from last month and down just 0.7% from a year ago. Single family home prices on a ... Full Article...