Alixe Cameron

Dec 4, 2024 | mondaq.com | Denise Bright |Alixe Cameron

There is a potentially expensive fee change on the horizon here in Alberta that may catch lenders and borrowers with large and/or multi-jurisdictional credit facilities unaware.This change will affect mortgages (collateral or otherwise), debentures and trust deeds (collectively Mortgages), plus supplemental or replacement Mortgages, and any caveats claiming an interest under a Mortgage or unregistered Mortgage.

Oct 15, 2024 | bennettjones.com | Alixe Cameron

Alixe Cameron comments in CBC News on how regulation in Alberta is affecting foreign investment in the province’s energy infrastructure. CBC reports that while the province's regulations are unchanged, there has been a recent reinterpretation of the rules. The result is delays and uncertainty in the purchase of many types of oil, natural gas and electricity facilities by foreign owners.

Feb 6, 2024 | jdsupra.com | Alixe Cameron |Jane Helmstadter |Mark Lewis

The Government of Canada has announced a two-year extension to an existing ban on foreign ownership of Canadian housing. The Prohibition on the Purchase of Residential Property by Non-Canadians Act (the Act) was set to expire at the end of 2024, it will now be extended to January 1, 2027. The government announced the extension on February 4, 2024. The Deputy Prime Minister and Minister of Finance said the step was taken to address housing affordability concerns in Canada.

Mar 29, 2023 | jdsupra.com | Alixe Cameron |Jane Helmstadter |Mark Lewis

[co-author: Kyle Laplante - Articling Student]Note: This blog has been updated as of March 27, 2023, following the registration of theRegulations Amending the Prohibition on the Purchase of Residential Property by Non-Canadians Regulations (the Amending Regulation). On December 2, 2022, the Privy Council passed an Order in Council confirming regulations related to the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the Act).

Mar 24, 2023 | jdsupra.com | Alixe Cameron |Sandra Geddes |Jane Helmstadter

What Is the Underused Housing Tax and Why does It Matter? The federal government's Underused Housing Tax Act1 (the Act) and the associated Underused Housing Tax Regulations2 (the Regulations) both took effect on January 1, 2022. With the first filing and remittance deadline fast approaching, it is important for all residential property owners to consider whether the Act applies to them and what they need to do if it does.