Subdividing Property to Increase Density Can Raise Issues with Mortgages on Titles

Skinny House

Podcast Episode 121: “Subdivision Nightmare.”

Across Canada, there is an ongoing discussion about the lack of affordable housing. In some areas, developers won’t build rentals because building condos is more lucrative, because there are rent controls, or perhaps a combination of both situations. Some Canadians are completely priced out of the housing market—especially in the Great Toronto Area and the Lower Mainland of British Columbia. Even in Alberta, where I live and work as a real estate lawyer, affordable housing is an issue. One solution is increased urban density. This podcast/blog post is about the legal challenges of subdividing a single lot into two or more skinnier properties. If there is a mortgage on title, watch out!
 

Download the audio file HERE. Download the handout HERE. (control click or right click + save as)
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How to Make Money Flipping Canadian Real Estate: Part II

Assignments Part II of II.

In this second instalment of a two-part series on flipping properties in Canada using Assignments, lets chat about some of the details. Knowing the details will give you a much better chance at a successful Assignment. If you missed Part I, you might want to read it first.

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