KeatsConnelly Cross-Border Weekly Best of the Web 2014-11-21

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

In the first two articles this week, we look at some of the difficulties Canadians may encounter when considering real estate in the United States; and then finish with an article reviewing issues surrounding lower oil prices for Alberta.

Canadians have more paperwork to get U.S. mortgage (http://www.azcentral.com/) – Most of us, when buying a home, spend weeks discussing the features, location and number of bedrooms we want. Chris and Michele Legere spent weeks putting together paperwork. The part-time residents from Alberta, Canada, compiled pay stubs and other financial information to apply for a mortgage on a Sun City West home. “We had to do a lot of preplanning,” Chris Legere said. That’s because buying a home in the United States requires more in-depth paperwork than doing so in Canada, the Legeres and mortgage professionals say…

Thinking of heading south to escape the cold? U.S. vacation properties can be a taxing affair (http://www.financialpost.com/) – With much of Canada suffering from freezing cold temperatures in the past few days, and winter fast approaching, the thoughts of vacationing somewhere warm may be tempting you to snap up that Florida or Arizona property you have been tempted to buy for so many years. But before you dive into the U.S. real estate market, keep in mind that just because your vacation property may be located beyond Canada’s borders, it doesn’t mean that it’s outside the reach of the tax authorities. If you’re Canadian, there are a few situations that could trigger a tax bill in conjunction with your U.S. property…

Oil prices a dark cloud over new Alberta legislature session (http://www.calgaryherald.com/) – Slumping oil prices have the Tory government looking for new sources of cash — including possible toll roads — as it heads into a new session of the legislature Monday. At an upbeat Progressive Conservative annual general meeting this weekend, Premier Jim Prentice struck a rare sombre note as he warned that oil prices that have slid under $75 U.S. a barrel mean that “this is not business as usual.” “We need to steel ourselves. We will face this challenge together,” Prentice said in a Saturday address.

Come back next week for more interesting news and articles. Enjoy your weekend!

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