Landlords are always responsible to pay for the condo fees of a rental property (not the tenant). At closing, your lawyer or the building's property management will coordinate your pre-authorized banking details.
Visit CondoMillionaire.com/CalgaryClosingGuide for more details
You start to owe properties taxes to the city as soon as you close your property - currently 0.64861% of your assessed value each year in Calgary. Join the TIPP plan to pay monthly installments instead.
A lawyer is the quarterback for your entire closing process but you can't use your local Toronto or Vancouver lawyer - they must be licensed in Alberta.
View my step-by-step Calgary Closing Guide to avoid the most common mistakes: www.condomillionaire.com/calgaryclosingguide
Mortgages are the #1 reason that buyers don't close on their Calgary pre-construction condo purchases on time and it ends up costing them THOUSANDS $$$.
Comment “CLOSING” and I’ll DM you the link to my Calgary Closing Guide to make sure your closing is smooth and stress-free
In Calgary, I paid about $3,500 in closing costs for a 1 bed condo - compare that to Toronto where I paid $56,000 in fees! In Alberta, closing costs are shockingly low.
Learn more by viewing my step-by-step Calgary Closing Guide: www.condomillionaire.com/calgaryclosingguide
📣 BREAKING: No GST on New Homes up to $1 million! First-time buyers get a big tax break — but will it fix affordability? Not even close. Here's what you need to know 👇 #CanadianRealEstate #GSTRebate #FirstTimeBuyer #preconstruction #newhomes
Canada's GDP grew by 2.2% in Q1 2025 but this is misleading because the growth was driven by companies rushing to stockpile before the US tariffs. A June rate cut by the BoC is now likely off the table but with unemployment continuing to rise, I still expect further rate cuts later this year.