The Municipality has a covenant placed on the property as a prior to condition.

You could register a design covenant on title... then choose to enforce it if the changed design doesn't live up to the spirt of the covenant. This allows it to be more flexible than a site specific zoning, and what I do on my files when I worked as a planner in YVR.

Minto was offering 5% deposits... lots of investors would be willing to tie up $12k till compeletion. The market will be different at that point, and they would evaluate then to assign or close and flip or close and rent.

Nothing says NYC lifestyle like a Ram 1500 Pickup.... jfc the one time its okay to put in a Mercedes C class or Maybach and you put in a Ram 1500?

it depends on your covenant and your lenders risk view. I'd imagine Batistella is aroud 60%

I wouldn't say rezoning and flipping is anymore prevalant in Calgary as opposed to other markets. If it appears it so, its more of a function of the original developer changing tact and there not being that many developers who will buy someone elses development. FWIW the Hungerford's aren't the...

unit plans are not that attractive really, will be a tough sell.

fwiw newer purpose rentals are doing well actually. we have seen average go over $2 a foot. Incentives have started to be removed by landlords, so that is a positive.

or if your 3 months out of completion and don't want to close on the property and have the opportunity to walk away from the unit with no loss of deposit if you don't close. If you closed then put it on the market you would be responsible for GST payable, if you assign there is no GST as it...

They are offering $500 assignments for BC investors only, with the meltdown in YVR this might attract some more interest over the coming months.

Exactly why i'm considering buying one, the location doesn't get much better and my goal is to generate some long term income so i can move to a slower pace of life (Penticton or Kelowna)

I'm interested in this one, I may pick up an investment unit in it. Sales started in Feb and aren't going that hot, even though they have a 10% deposit structure. That will give lots of time till mortgage is required.

Irony of the day, the Centre 10 was done up as residential and failed. It turned office, if Place 10 fails as office and turns residential then it would be uncanny.

Embassy Bosa is different than Bosa Properties, which is different than BlueSky Properties which is different again from Bosa Development and APPIA. These companies are all headed by different members of the Bosa Family, they are all well established and respected in the biz however compete in...

I'm aware of the holiday inn, however I never really considered it much of a density increase as it is a massing exercise. The current building uses the site more efficiently.

no worries, it for some reason is a difficult plan to find on the city website( no surprise) . From my understanding the community was asked for input, most of that input was regarding the city funding for the Crowchild trail improvements and pedestrian improvements. BTCA from what I have heard...

my rough calculations( I don't want to bother going to official, I am aware the site narrows to the north by about 10m) is a 75m X 95m site which allows for about 76500 sq ft site. At 6.0 FAR they would have upto about 460,000 sq ft of buildable space to be within the plan at max density. How...

You mean like this one: http://www.calgary.ca/PDA/pd/Documents/arp-asp/arp/banff-trail-station-arp.pdf

Its actually now funded and will be triggered by approval of this project, This was confirmed by transportation department about 1 month ago. Should this project not move forward, then it would remain in the medium term crowchild trail plan.

Actually the project shall help facilitate stronger traffic flow in the area.. An increase of density as proposed is enough to force the City to create the onramp from 16th W to Crowchild Trail N. This will help reduce traffic as major concerns of area residents is the increase traffic along...