Question 1

What is the minimum down payment for an investment property in Canada?

Accepted Answer

The minimum down payment for a non-owner-occupied investment property in Canada is 25%. There are no exceptions for first-time buyers and the FHSA and Home Buyers Plan cannot be used for investment properties.

Question 2

What is the Alberta Residential Tenancies Act?

Accepted Answer

The Alberta Residential Tenancies Act (RTA) is the primary legislation governing all landlord-tenant relationships in Alberta. It covers lease formation, rent obligations, landlord and tenant duties, security deposits, termination notices, and access rights. Critical sections include 9-16, 19-24, and 43-47.

Question 3

How much can a landlord charge for a security deposit in Alberta?

Accepted Answer

In Alberta, the maximum security deposit is one month's rent. It cannot be increased even if rent goes up. The deposit must be placed in an interest-bearing trust account within two banking days. Within 10 days of vacancy, the landlord must return the remaining balance with a detailed statement of deductions.

Question 4

What is the RTDRS in Alberta?

Accepted Answer

The Residential Tenancy Dispute Resolution Service (RTDRS) is Alberta's specialized tribunal for resolving landlord-tenant disputes. It is faster, cheaper, and less formal than court. The RTDRS can hear disputes up to $100,000 and its orders are enforceable under the Civil Enforcement Act.

Question 5

What can a landlord legally ask on a rental application in Alberta?

Accepted Answer

Under PIPA (Personal Information Protection Act), landlords must obtain written consent before collecting personal information. You can ask for proof of financial capability, rental references, and employment information. Under the Alberta Human Rights Act, you cannot discriminate based on race, religion, gender, disability, age, family status, marital status, or source of income.

Question 6

Is Landlord Academy free?

Accepted Answer

Landlord Academy's guides, legal references, and articles are free with no registration required. The New Canadian Landlord Playbook is a free downloadable guide available with email signup. The only paid offering is 1-on-1 Advisory sessions with Jeff Kiers at $295 CAD per session.