Blog Center

Check often for updates

About the Team

Learn more about Calgary's top agents

Read More

Interested in Finding Out How Much Your Home is Worth?

Find out today

Home Evaluation

Check out Our Featured Listings

Listed exclusively by us

Discover Your Dream Listing

Looking for a Specific Property?

Use our custom search engine

Discover Your Dream Listing



Types of Property Ownership in Alberta 

  1. Sole Owner 

Only one person has possession of the property. If they pass away, their Will or the  “Intestate Succession Act” would be used to determine who has right to the property. 

  1. Joint Tenancy 

This is commonly referred to in a situation where spouses own a property together. If one partner was to pass away, the other would automatically get their share of the property. The process of transferring ownership is much more simple in joint tenancy than in tenancy in common. 

  1. Tenancy In Common 

Unlike joint tenancy where each owner has an equal share, in this type of ownership each owner owns a share of the property – equal or unequal. This is common for situations where unmarried couples, investment partners, or friends decide to purchase a property together. 

This type of ownership allows partners to split their shares by different percentages. Here are some examples: 

  • Equal I...
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.