Forward | Unsubscribe | Sign Up | Archives March 31, 2017
1. Unit owners sell boutique buildings to developer
The sale of a property in midtown Toronto that closed in January marks Ontario’s first case of unit owners terminating a condo corporation by vote. Under section 124 of the Condominium Act, at least 80 per cent of both mortgage holders and unit owners must agree to the sale of a condo property for this type of transaction to proceed. Most of the 27 unit owners at 39 Roehampton Ave. voted in favour of accepting an offer from a group of investors including a developer with plans to intensify the site.
2. Saskatchewan landlords lose key PST exemptions
Saskatchewan landlords experienced a budget double whammy March 22 — receiving the more forceful cost hit from their provincial finance minister.
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3. $75 million donated for new Vancouver hospital
A record $75 million has been donated to the St. Paul’s Foundation to help build a new Vancouver hospital. The donation marks the largest donation by a private citizen to a medical facility in the history of the country.
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4. MPP proposes time limits for elevator repairs
Han Dong, the Liberal MPP for Trinity-Spadina, is proposing to set time limits for contractors called on to fix out-of-service elevators.
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5. Federal committment to infrastructure renewal
The Canadian Construction Association sees the federal government’s Budget 2017 announcement as a reiteration of previous commitments made to the renewal of Canada's infrastructure.
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