Few matters in life hold as much importance as ensuring the seamless transfer of and protection of a loved one’s assets after their death. Yet, despite its significance, estate planning remains daunting for many people. During these challenging times, One80 Law Group’s estate planning services in Calgary offer clarity and simplicity to guide you through the complex estate planning process. Our team of wills and estate planning lawyers possess the competence, compassion and meticulous attention to detail needed for your peace of mind.  Below, we’ll explain the intricacies of estate plannin ..read more

Despite its reputation as a stable investment, the real estate market is dynamic and ever-evolving. It’s influenced by prices, socioeconomic conditions (income, occupation types and education levels), demographic distribution and technology advancements. As the market evolves, so do the policies that govern it. These laws protect the rights of all parties involved in real estate transactions, ensuring legal obligations are met.  Real estate lawyers stay up-to-date with policy updates to ensure adherence to these regulations and leverage them to maximize client opportunities. Below, we’ll ..read more

Historically, real estate has demonstrated the capacity for appreciation, offering investors a source of passive income and the opportunity to build equity and realize capital gains over time. Today, there are avenues for investing in real estate that don’t involve brick-and-mortar locations. The best way to invest in real estate is to choose the investment that works best for you! Finding the best option requires careful research, risk assessment and an understanding of the real estate landscape. Crucial considerations include market fluctuations, property management complexities and current ..read more

For many people, buying or selling a home is one of the most significant financial transactions they’ll ever undertake. The process can be daunting, covering everything from navigating complex legal jargon to ensuring all the necessary paperwork is in order. That is where an experienced real estate lawyer can play a vital role in safeguarding your interests and ensuring a smooth transaction.  In this blog post, we’ll delve into the crucial insights buyers and sellers need to know when embarking on a real estate journey. Real Estate Lawyers: Your Trusted Advisors When you buy or sell a pro ..read more

Buying or selling a property is one of life’s significant milestones. However, the process can be challenging and typically involves navigating complicated contracts and agreements. That is where a skilled real estate lawyer is helpful. Real estate lawyers are your trusted ally, ensuring your interests are protected every step of the way. What Does a Real Estate Lawyer Do? A Real Estate Lawyer is your guide through the challenging terrain of real estate transactions. They understand – and specialize in – the complexities of property law and can help you progress through the legal process seaml ..read more

What is a holdback? A holdback is a term used to describe money “held back”, before being deposited in the seller’s account, as the sale of property is being closed. There are several reasons to do this, such as there might be defects with the property that need to be repaired, or items from the property that need to be removed, or tax consequences that need to be addressed before the final funds are dispersed to the seller. The buyer can request the holdback to make sure the seller does what they’ve agreed to do as listed in the purchase agreement. The money is held in trust by either the buy ..read more

When you’re refinancing your mortgage, you might not know if a lawyer is required. Or you might not know what options are available to you when refinancing. Read on to find out more about when you might consider refinancing your mortgage or loans. What does it mean to refinance my mortgage? Although most mortgages in Canada have a 25 or 30 year amortization period, most people have a mortgage contract term of five years or less. This can vary depending on what best fits your situation at the time you need to borrow money. Let’s say, for example, you purchased a property five years ago. The mor ..read more

When buying or selling real estate in Alberta, sometimes problems arise. This isn’t ideal, and it can add extra time and expense to an already stressful event in life. In this blog post, we cover some of the key problems we’ve seen arise in real estate transactions. If you need help with your purchase or sale, speak to One80 Law today.     1. What if the buyer doesn’t pay their deposit?  When agreeing to buy a property, the buyer and seller enter into a binding legal agreement. If the buyer changes their mind and doesn’t pay the deposit, as stipulated in the contract they’v ..read more

Investment properties are a hot topic in Canada right now. Reportedly, nearly one third of properties in major Canadian markets are held by investors (Bloomberg, April 2022).  This boom in investing in real estate is also one of the factors driving up interest rates, which we’re all keeping an eye on. At One80 Law Group, we’re finding more and more clients asking us about buying investment properties and there are different factors which need to be considered. We’ve included the major ones below.  1. If to plan to rent out your investment property, know your rights and obligations a ..read more

If you’re buying a house in British Columbia, you’ll need to take into account a whole range of fees associated with the purchase, including your lawyer fees. If you’re buying in Alberta, you’ll want to check out our blog post all about Calgary lawyer’s fees when buying a home.  In our blog post, we break down the fees you might not know about and might not have factored into your purchase.    What can I expect to pay in lawyer’s fees?  Our fees for a home purchase in British Columbia (including Kelowna and Whistler) are $995 plus GST and disbursements. We’ve reviewed the p ..read more