High River flood homes listed under $500 in Alberta Government Auction

Assessed at nearly $1 million prior to the 2013 flood,
a High River flood homes could be yours for as little as a few thousand dollars.

High River flood homes

 

 

 

 

 

Prior to the June 2013 flood, the affluent neighborhood
on High River’s west side brimmed with life.
Today the area is a virtual ghost town, its remaining homes boarded up, a rocky levee blocking the road that once connected
the community to the rest of the town south of Calgary.

High River flood homes

A quick scan of the available properties, of which 25 are in and around flood-ravaged High River and another in Sundre, shows a range of housing types, with a handful of rustic rural properties and modest family dwellings mingled with large and well-appointed estate homes.

Most of the properties are in the High River community of Beachwood Estates, an area determined to be in the flood plain of the Highwood River.

Under the province’s Floodway Relocation Program,
some 94 properties were acquired by the province,
which shelled out $92.9 million to displaced homeowners.

High River flood homes

Of those, 54 were slated for demolition with the 26 now up for auction considered salvageable. Another 14 properties, all in High River, are awaiting a decision on their ultimate fate

The bidders could be in for a steal of a real estate deal, with one not-so-small catch. Successful bidders have 160 days from the auction’s
closing to relocate the properties so the province can remediate the flood-impacted land.

Also, the properties are sold as is, though each comes with a thorough structural and environmental assessment by the province

The one stipulation is that each home must be moved off the property within 160 business days of the sale.

All the homes for sale were deemed suitable for relocation,
and they’re being sold on the government’s online auction site.

It’s up you to get it off the lot.

The 26 homes are being sold on the government’s online auction site.

The government bought up the homes to give Albertans
the freedom to relocate to areas that are not in a flood zone.

The bidding closes Feb. 17, 2017

http://surplus.gov.ab.ca/OA/ItemList.aspx?categoryID=47

High River flood homes listed under $500 in Alberta Government Auction

 

Canadian real estate and Importance of 420 (Weed)

As a Canadian real estate investor or home owner, having “420” attached to a house is a stigma. 420 is the police code for marijuana, and Canadians intend to light up on April 20th at 4:20 PM weed and celebrate it as a tradition. As a real estate investor we do not want to own a piece of property where there is a major issue of weed, drugs or crime.

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Surplus properties in the City of Toronto

Surplus properties in the City of Toronto
Surplus properties in the City of Toronto
Surplus PropertyThe Chief Corporate Officer is authorized to declare land surplus and approve the intended manner or process by which the disposition of land will be carried out.

 

More info at
http://www1.toronto.ca/wps/portal/contentonly?vgnextoid=979ae9d747471410VgnVCM10000071d60f89RCRD

Disclaimer
While the information provided in this website has been compiled from sources believed to be accurate, users of this website must exercise appropriate due diligence and independently review and verify the information. None of the City, its officers, employees, agents, representatives or elected and appointed officials make any representations or warranties about the accuracy or completeness of the information or have any liability or responsibility for the accuracy or completeness of any of the information. In using this website, you will be deemed to have read and accepted these terms of use.

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

 

 

 

 

 

 

 

 

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How to Buy Surplus Federal Property in Canada

How to Buy Surplus Federal Property in CanadaHow to Buy Surplus Federal Property in Canada

Public Works and Government Services Canada offers surplus federal real estate for sale. The properties listed on this site are either: currently available for sale to the general public, at market value; or anticipated as being for sale to the general public, at market value. Many of these properties are now listed on the Multiple Listing Service® (MLS®).

Using the map, you may click on the Province or Territory in which you would like to search. You may also use the Province drop-down menu above the map which will also allow you to search “all of Canada”. Select a specific Listing Type using the Listing Type radio buttons to the left of the Province drop-down menu. You may also enter a Region / County / District and/or City / Town / Village and/or a Place Name to search in. If you're only interested in properties within a certain price range, enter values in the From and/or To fields in the Price Range section. Finally, to initiate the search click on the Search button.

How to Buy Surplus Federal Property in Canada
http://id-reo.tpsgc-pwgsc.gc.ca/public/ffchrdspl.do?page=chtrb

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

 

 

 

 

 

 

 

 

 

Flipping for instant profit LIVE real estate training seminar
Reserve your seat now at
www.Flipping4Profit.ca
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Ontario’s Fair Housing Plan aimed at cooling housing market

April 20th, 2017 | Toronto | Professional Real Estate Investors Group (PREIG) Canada |

Ontario’s Fair Housing Plan introduces a comprehensive package of measures to help more people find affordable homes, increase supply, protect buyers and renters and bring stability to the real estate market.

Ontario’s housing market has seen very dynamic growth in recent years,

with prices in the Greater Toronto Area and the Greater Golden Horseshoe rising Ontario's Fair Housing Plansignificantly. This has been supported by economic fundamentals, including a growing population, rising employment, higher incomes and very low borrowing costs.

House prices have been rising at a robust pace in the Greater Toronto Area since the end of the 2008-09 recessions.

After two consecutive years of double-digit gains, average house prices in the Toronto region reached $916,567 in March 2017, up 33.2% from a year earlier.

Ontario plans to help cool a hot housing market by bringing 16 proposed measures:

  • A 15% non-resident speculation tax to be imposed on buyers in the Greater Golden Horseshoe area who are not citizens, permanent residents or Canadian corporations.Refugees and nominees under the Ontario Immigrant Nominee Program would not be subject to the NRST. Subject to eligibility requirements, a rebate would be available for those who subsequently attain citizenship or permanent resident status as a well as foreign nationals working in Ontario and international students.
  • Expanded , including those built after 1991, which are currently excluded. The increase is capped at a maximum of 2.5 per cent. Updates to the Residential Tenancies Act to include a standard lease agreement, and technical changes to the Landlord-Tenant Board meant to make the process fairer, as well as other changes.
  • A program to leverage the value ofassets across the province to develop a mix of market-price housing and Potential sites under consideration for a pilot project include the West Don Lands, 27 Grosvenor/26 Grenville Streets in Toronto, and other sites in the province. This builds on an agreement reached previously with the City of Toronto to ensure a minimum of 20% of residential units within the West Don Lands are available for affordable rental, with an additional 5% of units for affordable ownership.
  • Legislation that would allow Toronto and possibly other municipalities to introduce a in an effort to encourage property owners to sell unoccupied units or rent them out.
  • A plan to ensure is charged at a similar rate as other residential properties.
  • A aimed at encouraging the construction of by rebating a portion of development charges.
  • More flexibility for municipalities when it comes to using
  • The with dedicated provincial employees to identify barriers to specific housing development projects and work with developers and municipalities to find solutions.
  • An effort to understand and in the housing market. Paper flipping,(Wholesaling) a practice that includes entering into a contractual agreement to buy a residential unit and assigning it to another person prior to closing.
  • A review of the ensure that consumers are fairly represented in real estate transactions.
  • The launch of a which will meet quarterly to provide the government with ongoing advice about the state of the housing market and discuss the impact of the measures and any additional steps that are needed. The group will have a diverse range of expertise, including economists, academics, developers, community groups and the real estate sector.Professional real estate investors group (PREIG) Canada would like to be part of it.
  • Education for consumers on their rights, particularly on the issue of one in a real estate transaction.
  • A to explore more comprehensive reporting requirements so that correct federal and provincial taxes, including income and sales taxes, are paid on purchases and sales of real estate in Ontario.
  • Set timelines for to be established in consultation with the sector and the Technical Standards & Safety Authority
  • Provisions that would require municipalities to consider the appropriate to accommodate a diverse range of household sizes and incomes, among other things. As part of the implementation of the Growth Plan for the Greater Golden Horseshoe, 2006, enough land was set aside in municipal official plans to accommodate forecasted growth to at least 2031.

Actions to Date taken by province of Ontario

The Ontario government has taken a number of actions over recent months and years in order to support homebuyers, increase supply of affordable and rental housing and promote fairness. These include:

  • Helping more people purchase their first home by doubling the maximum Land Transfer Tax refund for eligible first-time homebuyers to $4,000. This means eligible homebuyers in Ontario pay no Land Transfer Tax on the first $368,000 of the cost of their first home.
  • Modernizing the Land Transfer Tax to reflect the current real estate market, including increasing rates on one or two single-family residence over $2 million. Revenue generated from the increased rates is being used to fund the enhancements to the First-Time Homebuyers Refund.
  • Making it easier for not-for-profit affordable housing providers to buy surplus government lands.
  • Introducing an inclusionary zoning framework for municipalities that will enable affordable housing units as part of residential developments.
  • Amending the Planning Act and the Development Charges Act to support second units, allowing homeowners to create rental units in their primary residence and creating additional supply.
  • Freezing the municipal property tax burden for multi-residential apartment buildings in communities where these taxes are high.
  • Collecting information about Ontario’s real estate market to support evidence-based policy development

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

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