Tuesday 27 August 2013

In Vancouver (Surrey) | Condo Owners Without Permit Denied Mortgages

In Vancouver (Surrey) | Condo Owners Without Permit Denied Mortgages

Condo Owners of a complex at a 191-townhouse complex on the corner of Scott Road and 68th Avenue, in Surrey, was granted a temporary occupancy permit upon completion in 2006, allowing buyers to move in. However, it was never issued a permanent occupancy permit, and because of that, banks have refused mortgages to prospective home owners

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In Toronto
CityPlace is redefing City Life. The condo super-complex nestled in the waterfront-neighbouring rail lands between Spadina and Bathurst, boasts some 11,000 residents. By the time the glass behemoth is completed



In Brossad

Residents are upset that a major development project will reduce an 18-hole golf course that has been around since the 1960′s to just nine-holes.

They have created a group, eager to stop the development and presented their case at a City Council meeting Monday night.

The golf course was originally independently owned but the city bought it and then sold it to a housing developer in 1999 for $2 million dollars.


In Winnipeg

A Group of Winnipeg Condo Owners has asked for a Tax Break on their units. The report from earlier today states that taxes on condos contributes to urban sprawl.


A lobby group for Winnipeg condominium owners is demanding a break on property taxes.
Paul Hesse of the Property Tax Committee of the Canadian Condominium Institute says condominiums in multi-unit buildings use fewer services, but owners pay property taxes on par with owners of detached homes

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