Watching Calgary’s real estate market over the past three years has been a bit like that movie we’ve all watched at one time or another. It’s bad, it gives little hope to getting better, but you watch it anyway, in hopes that the plot improves to reward you for your patience. And you wait…

In Alberta, and specifically the Calgary market, negative forces have conspired to drive home sales down, including unemployment, higher interest rates, and strict (and punitive) mortgage approval rules. Throw in increased taxes and a generally pessimistic outlook by the public, and well, here we are.

That’s not what this post is about.

Since the market slowed in 2015, I have been asked many times, “have we reached the bottom?’ The answer is, I don’t know....

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Scott Baker & Associates And Your Calgary HomeI have seen many contracts (unfortunately) that have the appearance of having been written on a cocktail napkin. The process of writing a purchase contract should be thorough and clear. It also should follow the ‘kiss’ philosophy. An unclear term or condition can put both the client and the Associate in a bad position. A good example of this is in an article regarding an ‘Approval by Seller’s lawyer’ clause.  This is one that I have both seen and used in my own negotiations on behalf of clients. Rather than simply say ‘approval of lawyer’, the condition should detail what they are approving. They could be approving the terms and conditions of the offer, for instance. Stipulating that they are not approving the price or financial aspects of the offer...

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