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In 2020, in Toronto, 21% of all housing, and 56% of condos were investor owned. In Vancouver, nearly 48% of condos, and 33% of all housing was owned by investors. [81] Across Canada, 1 in 5 homes were investment properties. Investors were found to be increasingly crowding out prospective first-time buyers in a 2024 analysis. [82]
Condominiums were first introduced to Alberta in 1967 with the development of Brentwood Village, a townhouse complex in Edmonton, Alberta. Condominiums in Alberta are regulated by the Condominium Property Act (Chapter 22, RSA 2000) which is supplemented by the Condominium Property Regulation (AR 168/2000).
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.
Condominium is an invented Latin word formed by adding the prefix con-'together' to the word dominium 'dominion, ownership'. Its meaning is, therefore, 'joint dominion' or 'co-ownership'. [3] Condominia (the Latin plural of condominium) originally referred to territories over which two or more sovereign powers shared joint sovereignty. This ...
Brad J. Lamb is a Canadian real estate broker and condominium developer. [1] [2] [3] He had a reality television show named Big City Broker on the HGTV Canada network for several years. The show focused on the workings of his real estate brokerage, "Brad J. Lamb Realty Inc." [4] Lamb received media attention in March 2021. Due to a zoning bylaw ...
N3. N3 is a condominium building in Calgary, Alberta.It is Calgary's first parking-free condominium. [1] Located in the East Village, it is close to the CTrain and Downtown.The building consists of 167 units, which would normally require 100 parking spaces but Calgary City Council relaxed the rules.
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