Under the Strata Property Act, a Contingency Reserve Fund (CRF) is established to pay for extraordinary expenses, but under the Act, the amount in the CRF was established by a formula (which had NO relationship to the age of the building!) Furthermore, the amount of contribution to the CRF was CAPPED, unless an ¾ vote was obtained to had additional contributions (hard to plan for the future) ...
As the wealthy get wealthier, they're putting more of it into land (real estate is the number one wealth builder in history PERIOD).
America's 100 largest individual landowners added 700,000 acres to their landholdings last year, according to the Land Report 100, put out by the Land Report and Fay Ranches. Those 100 individuals or families now control more than 30 million acres, or 2 ...
Eike Batista loses $34.5 BILLION in ONE year!
It’s finally happened. The spectacular upstart oil firm known as OGX OGX Petroleo is sinking like a platform torpedoed on all four legs. The stock is now a shadow of itself and the Brazilian (former billionaire) owner, Eike Batista, owes the loss of his super-one-percenter status to that one firm. OGX shares have fallen from a high of R$ ...
Ted Turner has officially lost the title of largest
landholder in the US to Liberty Media’s Chairman John Malone. Mr. Malone now
owns 2.2 MILLION acres compared to Mr. Turner meager 2 million acres. I guess
this is what you call losing ground! ;)
Lake Okanagan Realty
Downtown Kelowna Marina Open
October is the first full month that new Downtown Marina/Public Pier is open for business. It stretches 350 feet and can accommodate 68 boats, including 27 for hourly and day use, 30 temporary overnight moorage, and 11 slips for rental boats.