Renegade renovation a bylaw breach

Recently, a company bought a unit and conducted a full renovation. They did not pay condo fees or other fines until the renovation was done, then they immediately paid the amounts owing and are now transferring the property to a new owner. The board feels that the renovations were done without proper regard for our bylaws. We are fining them and placing the fines on title.

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Robust momentum seen in real estate

Spurred by a host of positive factors, the real estate sector gained robust momentum during 2015 with nearly all pointers going up over the graphs. Office space leasing surpassed the 50 million square feet (msf) mark last year in the top eight cities, logging a healthy 7% CAGR over the last five years with the steepest increase coming in 2015 (54 msf).

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Oil prices crawling higher

Early Thursday morning, crude oil surpassed the $US 50 mark for the first time since last autumn. Even though oil closed slightly below $US 50 yesterday, the North American benchmark price for oil (West Texas Intermediate) appears to be clawing its way back from its February lows.

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