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Toronto Condo Market – Boom, Bust – Banks Divided
Toronto. Again. The question is – will the growth continue, even with 21,000 units coming on-board this year and the same scheduled for next. The Greater Toronto Region has about 5.2 million people in...
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HOA Treasurer Indicted for over $1 Million in Fraud – Please Get More Than...
Here’s another example of an HOA possibly being defrauded by the treasurer. Aaron Yashouafar of the Paradise Spa Home Owners Association in Las Vegas just got indicted for looting more than $1 million...
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Why Toronto Condo Prices Will Absolutely Totally Go Down in 2012
Because I say so. And I’m only being partially facetious. The base creation of property value is supply and demand. As long as demand exists beyond supply then the value of condominiums will remain...
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Great Salesman Barnett Asserts 10,000/sqf is 20 to 30% Cheaper than Market
Real Estate is usually the ultimate in capitalist negotiation, and ensures the price of the property reflects the true market value at the point of sale. The agent and seller are negotiating for the...
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Contractor Required to Give Condo 10% of Revenue To Work Onsite
Swim coaches that the residents of the Azalea Park condominium, Singapore, have hired are being told that they need to give the condominium 10% of their revenue to continue their services at the...
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Compulsory Board Education for Condominiums, Strata and HOAs
In 2008 Florida enacted mandatory education for condominium boards. From some accounts the move has been an overwhelming success, and to others it has been simply more paperwork. Having argued that the...
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Catastrophic Condo Failure Is Not Caveat Emptor – Buyer Beware
The Bellavera Green Condo, Leduc Alberta, has suffered a massive, catastrophic, failure requiring all 150 of the residents (85 units) to vacate the premises. The reasons: code-failing fire alarm...
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Scary Centralized Power of a Board President
I have often said that mixing the role of board President and manager is a dangerous practice. This co-mingling of roles and powers has led to corrupt and illegal acts. It just becomes too easy, and...
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District Energy Advantages and Risks for Condominiums: Research Paper
Phenomenal full envelope failures in the last few years of new development – including Leduc, Fort McMurray, and Calgary all indicate that the industry needs to evolve both the development process, and...
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Toronto Municipality: The Big Tax Loser with a Condo Bubble Burst
While the biggest losers in a Toronto condominium bubble collapse would be the owners of the property – there will be fallout to other stake holders (looking to the US for clear examples) including...
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