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The leaky condo crisis, also known as the leaky condo syndrome and rotten condo crisis, is an ongoing construction, financial, and legal crisis in Canada. It primarily involves multi-unit condominium (or strata) buildings damaged by rainwater infiltration in the Lower Mainland and Vancouver Island regions of coastal British Columbia (B.C.). In ...
The BC Government through the Strata Property Act (SPA) enables any private land owner to create a strata, which can be single family, duplex, triplex, multi-residential dwellings and also commercial properties such as stores, restaurants, airports, marinas, golf courses, fractional vacation properties, etc. Strata corporations are unlimited ...
One-half of new construction in 2013 was condominium-related. [8] In recent years, the condominium industry has been booming in Canada, with dozens of new towers being erected each year. Toronto is the centre of this boom, with 17,000 new units being sold in 2005, more than double second place Miami's 7,500 units. [ 9 ]
Toronto property manager David Medhurst established the CCI in November 1982 with Alvin Rosenberg (his law firm incorporated CCI), Beth Shier, the editor of Condominium Timeshare Magazine, Jonathan Fine, a Toronto Condominium Lawyer at Fine & Deo, Edward Furlong, a condominium accounting specialist and Karl Habb, a future president of the North York Condominium Association.
Crown corporations in BC are public-sector organizations established and funded by the Government of British Columbia to provide specialized goods and services to citizens. [1] They operate at varying levels of government control, depending on how they are defined, funded, and the kinds of services they provide.
HORSHAM, Pa., Aug. 26, 2024 (GLOBE NEWSWIRE) -- STRATA Skin Sciences, Inc. (“STRATA” or the “Company”) (NASDAQ: SSKN), a medical technology company dedicated to developing, commercializing, and marketing innovative products for the treatment of dermatologic conditions, has filed a complaint in the U.S. District Court for the Eastern District of Pennsylvania against LaserOptek America ...
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The "bare land strata" term means that ownership of the land is divided among property owners but each individual house is individually owned and central service buildings are collectively owned. Tidman Construction Ltd. [15] built all the central buildings and houses. Originally, a nine-hole golf course was included: holes 12–16, 2 and 9 ...