Q: Our strata has an interesting problem that relates to rental bylaws. We are 297 units in three buildings and we permit a maximum of 10 per cent rentals at any given time.

An owner wishes to rent their unit, but we currently have 35 rentals in the building.

The owner requested a hearing and demanded to know how we were keeping the rental inventory and of the 35 which were family rentals, hardship or exemptions from the original disclosure statement.

Our bylaw clearly states that all rentals shall be counted as part of the rental limitation, but the owner challenged...

Recent power outages in North America are a reminder of how extensively we depend on electricity to function. Among other things, it provides light and heat, keeps our food cool and brings the world into our homes through our televisions and computers. As the demand for power has increased, so has the incidence of blackouts and price increases in some parts of the...

Bank of Canada maintains overnight rate target at 1 per cent

OTTAWA –The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

As anticipated in the January Monetary Policy Report (MPR), the global economic recovery is becoming more firmly entrenched and is expected to continue at a steady pace.  In the United States, growth is solidifying, although consolidation of household and ultimately government balance sheets will limit the pace of the expansion.  European growth has...