A Real Property Report (RPR) is a legal document that shows property boundaries, structures (like homes, garages, and decks), and how they relate to municipal bylaws. It helps identify potential issues like encroachments, bylaw violations, or easements.

Top 5 Key Facts:
1.RPRs show the exact boundaries and structures on a property.
2. Required for most real estate transactions in Alberta.
3. Lenders often won't release funds without a current RPR.
4. Cost: $500–$950 and must be prepared by a licensed Alberta land surveyor.
5. Most contracts require an RPR with municipal compliance stamp (proves everything meets local bylaws).

Why Sellers Need One
A missing or outdated RPR can delay or collapse your deal. Issues like fences or decks crossing property lines might require retroactive permits or city relaxations—sometimes with added cost or delay.

Red Flags to Watch For

• Fences or sheds over property lines

• Additions without permits

• Non-compliant decks or garages

• Driveways crossing city land

RPR vs. Land Title vs. Title Insurance

• RPR: Physical boundaries & compliance (what you can see)

• Land Title: Legal ownership record

• Title Insurance: Covers hidden issues (like fraud or unpaid liens)

Tips for Buyers & Sellers

• Sellers should order an RPR early to avoid closing delays

• Buyers should always review the RPR with their lawyer

• Condo units typically don’t require an RPR unless they’re detached condos

A RPR isn't just paperwork—it’s protection. Whether you're buying or selling, always ensure the RPR is current, stamped for compliance, and reviewed with a lawyer to avoid surprises.

Want help understanding your property’s RPR or listing your home? Let’s chat!

Rene Simpson | Realtor®
Legacy Real Estate Services

Renesimpson.realtor@gmail.com
renesimpsonrealty.ca
403-901-5526
Airdrie, Calgary and area Realtor®

Uncertainty from tariff concerns and upcoming elections is impacting Calgary and area housing market, with sales dropping 19% year-over-year. However, more new listings (4,000+ in March) and rising inventory (5,154 homes available) are helping the market shift toward balance after years of favoring sellers.

What does this mean for you?
- Buyers: More choices and less competition
- Sellers: Pricing strategies are key in this changing market
- Investors: Keep an eye on interest rates & economic trends

As we head into Spring 2025, understanding these shifts is crucial for making smart real estate decisions. Thinking about buying or selling? Let’s chat about how this shift impacts YOU!

Rene Simpson | Realtor ® / Real Estate Associate
Legacy Real Estate Services

Renesimpson.realtor@gmail.com
renesimpsonrealty.ca
403-901-5526
Airdrie, Calgary and area Residential Realtor®

#AirdrieRealtor #HomeBuying #Investing #RealtorLife #AirdrieRealEstate #CochraneRealEstate #YYCHomes #SpringMarket #legacyrealestateservices #legacyrealestate

Market Shift: Political + Economic Uncertainty Impacting Real EstateRising political uncertainty, upcoming elections, and tariff concerns are shaking consumer confidence, leading to a 19% drop in Calgary home sales year-over-year. However, increased new listings and rising inventory are helping shift the market toward balance, with price trends varying by location, property type, and price range.

• Airdrie: Sales dropped 11% year-over-year to 160 units in March, but increased listings pushed inventory to 398 units, moving the market toward balance. Despite this, home prices remain strong, with the detached benchmark at $651,300, up 2% from last year and nearing the 2024 peak of $657,400.

• Calgary: Sales fell 19% year-over-year to 2,159 units, largely due to economic uncertainty. Inventory climbed to 5,154 units, shifting the market toward balance after four years favoring sellers. The benchmark price held steady at $592,500, with detached and semi-detached prices strong, while apartment and row-home prices remain slightly below last year’s peak.

• Cochrane: Sales remained steady, with 213 units in inventory, aligning with historical trends. While price growth has slowed, the detached benchmark price hit a record high of $686,800, up 5% from last year, keeping Cochrane a strong and in-demand market.

Overall, Airdrie, Calgary, and Cochrane are shifting toward balanced market conditions, with pricing resilience despite inventory growth. Reach out to and I’ll take one uncertainty out of this equation!

Rene Simpson | Realtor ® / Real Estate Associate
Legacy Real Estate Services

Renesimpson.realtor@gmail.com
renesimpsonrealty.ca
403-901-5526
Airdrie, Calgary and area Residential Realtor ®