Posts Tagged ‘condos’
Posted by Norm Fisher on March 12, 2008
Tenants of Saskatoon’s Milroy Apartments asked Justice Mona Dovell to overturn the City of Saskatoon’s decision to approve an application to convert the apartments to condos on Tuesday.
Andrew Mason, the lawyer representing the group of tenants who are opposing the decision argued that city council either misinterpreted the provincial legislation that governs condominium conversions, or [...]
Posted by Norm Fisher on March 5, 2008
You’ve got to know that Saskatoon community services manager, Paul Gauthier is having some long days at work. He’s one of the civic officials responsible for processing condominium conversion applications. That can’t be a real funfest right now. In fact, approving condo conversion applications has become so controversial that Gauthier has simply had enough, and [...]
Posted by Norm Fisher on March 1, 2008
In spite of the fact that approval has been obtained and the Kelsey Apartments have been separately titled, the building’s owner, Victory Majors Investment Co. has decided to abandon its plans to sell the units off. Kay Nasser, founder of the company has announced that they will hold onto all 77 units and rent them [...]
Posted by Norm Fisher on February 28, 2008
When the City asked for developers to consider an exciting new “Urban Village” concept at River Landing in Saskatoon’s Central Business District, the call was answered by Michael Lobsinger, a former Saskatoon resident and now a successful real estate developer.
On Wednesday, March 12, Mr. Michael E. Lobsinger, President CEO, Lake Placid Group, will speak [...]
Posted by Norm Fisher on February 27, 2008
It seems that Saskatoon has one of the most generous condo conversion policies, if you’re a landlord that is.
Saskatoon city administrators are working hard to bring about a policy change in the city of Saskatoon. They’ve recommended a number of changes that they say would protect tenants from being displaced at times when vacancy [...]
Posted by Norm Fisher on February 16, 2008
Tenants at Saskatoon’s Milroy Apartments served notice to civic administrators Friday of their intentions to seek a judicial review of council’s recent decision to approve an application for a condominium conversion at the downtown apartment building.
Represented by fellow tenants Martin Been and Barbara Henderson, Milroy residents will ask a Court of Queen’s Bench judge to [...]
Posted by Norm Fisher on February 12, 2008
Saskatoon city council’s executive committee will consider proposed changes to our condo conversion policy at its February 25th meeting. The proposal, brought forward by city administrators recommends a number of changes which they say would be helpful in keeping a supply of rental units available in the city.
Administrators have suggested that the city refuse [...]
Posted by Norm Fisher on January 16, 2008
Anger was the dominant emotion at Monday’s city council meeting when the application by Viking Developments to convert Saskatoon’s Milroy Apartments to condos was approved.
Current bylaws require conversion applications which affect more than 100 units be approved by council who have the discretion to deny them if vacancy rates in the area are sufficiently [...]
Posted by Norm Fisher on October 23, 2007
Saskatoon City Council approved proposed changes to policies governing the conversion of existing rental apartments to condominiums at last night’s council meeting.
City administrators presented their report which was prepared in response to a request brought forward by Councillor Pat Lorje during the meeting of City Council held on August 13, 2007 to “provide a [...]
Posted by Norm Fisher on August 10, 2007
Justice Minister Frank Quennell told reporters at a press conference yesterday that the “issue of decreasing rent supply…is an emergency. By the time you realize that it’s a crisis and that you’ve significantly decreased the rental supply because of all of the rental accommodation that’s been taken off them market, there really isn’t a remedy [...]
Posted by Norm Fisher on June 4, 2007
I read an article today written by commercial real estate/property management specialist, Don Sylvester of Saskatoon Real Estate Services which appeared in “The View,” the monthly newsletter of the Saskatoon and Region Association of REALTORS®. Don discusses the frenzy of buying activity in Saskatoon apartment buildings this year.
“The apartment sale for condo conversion [...]