Hello everyone. I provide you with Canada’s news headlines for real estate news for today.
$1.5M break to real estate developer an error, says new City of Vancouver review
According to CBC News,
A report from the City of Vancouver’s chief risk officer says a $1.5 million discount on construction fees to Onni Group for its Charleson Project was made in error and the company has repaid the amount to the city.
The developer received the development cost levy (DCL) under the city’s Rental 100 plan, which allows developers to obtain waivers on construction fees when they build rental apartments.
The 43-storey tower is located at the corner of Richards Street and Pacific Avenue and contains a mix of condos and market rental units but under city rules, to qualify for a waiver, the development must be 100 per cent rental units.
The detail is here.
Toronto Midtown (Davisville, Leaside & Bennington Heights) Neighborhood News
Here are the latest local neighborhood news
- Davisville Village Sales Statistics – November 2016
- Leaside & Bennington Heights Sales Statistics – November 2016
- Toronto Midtown Community Corner – December 2016
Are you ready for the Christmas holiday? Here is the holiday trivia.
Have you entered this month contest yet? Seymour Contests: December 2016 Giveaway
Jethro Seymour, One of the Top Toronto Davisville Real Estate Broker
Also published on Medium.
