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Going crazy over cannabis | REM

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Lawyer Mark Weisleder says that after giving several seminars about the new Cannabis Act, “It seems to me that most are fearing the worst, instead of just working towards common sense solutions that will benefit everyone.” Watch his video or read the article.




I have now given more than 30 seminars about the new Cannabis Act to real estate brokerages, real estate boards and landlord groups. I have interviewed medical cannabis users and growers and spoken to condominium lawyers and insurers. It seems to me that most are fearing the worst, instead of just working towards common sense solutions that will benefit everyone.

Here are six things you need to know:

1. Why do people have to grow cannabis when they can buy it now legally?

The fact is that if you grow the cannabis plant safely and economically, it can cost a fraction of the retail price of a gram of cannabis. For those who have a medical prescription that requires several grams of cannabis per day, growing can actually save thousands of dollars per year.

2. Can condominium boards ban the use or growing of cannabis in a condominium building?

Lawyers will be paid a lot of money to ultimately decide this as a result of human rights and constitutional law issues. This has not stopped countless condominium boards from already implementing rules banning all smoking, grandfathering only those who smoked cigarettes before the rule, and banning any growing of any cannabis plant. Other condominium boards are doing nothing right now and will just step in if one unit owner starts smoking cannabis and bothers their neighbours or damages the unit as a result of growing. This is similar to stepping in if you have wild parties in your unit and it bothers your neighbours.

3. How are condominium boards handling unit owners who have a medical prescription for cannabis?

Here it gets interesting. The boards will permit someone who has a medical prescription to smoke or grow cannabis provided they ensure that all the smoke, odours and moisture generated is kept inside their unit, so as not to bother anyone in the hallways or in neighbouring units or damage the walls with mould.

4. Can you stop a tenant from smoking cannabis or growing cannabis plants?

Even though it is legal to smoke or grow cannabis, you can include a clause in a lease to stop any tenant from smoking or growing cannabis on the premises. This should be inserted into every lease. I have created these clauses that are available in my own Ontario Guide for Landlords. If the tenant then smokes, it will be easier to evict them. But you will still have to prove that the tenant is either bothering other tenants or damaging the property.

5. What is going on with the insurance industry?

Some insurers are threatening to cancel coverage if cannabis plants are grown on the property. This is complete over reacting, since it ignores the fact that we are not talking about a grow house operation and cannabis can be grown safely.

6. It is possible to smoke or grow cannabis safely in an apartment or home without bothering a neighbour or damaging the property?

This is the key point. The answer is yes. If you smoke cannabis using a vaping pen, you can virtually eliminate the smoke and odour. If you use a bong, which operates like a pipe when smoking tobacco, you reduce the odour when you inhale and if you use a device called a “smoke buddy” when you exhale, you again reduce the smoke and the odour. Supplementing this with air fresheners will also assist with eliminating the nuisance altogether.

You can also now buy a special “grow tent” for about $500, that is two feet by two feet and about five-feet high. It just plugs into the wall, absorbs the moisture from the plants and emits warm air into the apartment. No odours and no moisture if set up properly. You grow the plants three-feet high, harvest them and then grow again.

As you can see, this is what the solution must be. Tenants should be able to smoke under the new law, but they must make sure they are doing it in a way that does not bother anyone else, and if they must have an actual marijuana cigarette, just go outside. And if you are going to grow any plant, be upfront and show the landlord how you are doing it safely. This should satisfy not only the landlord, but also any condominium board or insurer who has concerns.

Maybe if you are over-stressed about all of this, just take a puff and relax. It will all work out.

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Couple from Toronto buys dream home in Mushaboom

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MUSHABOOM – A couple who lived and raised a family in downtown Toronto developed a five-year plan in 2015 to purchase their dream home.

In September they moved into the home – located on Malagash Island in Mushaboom on Nova Scotia’s stunning Eastern Shore – that met and exceeded their best dreams for their retirement.

The Camerons, Bruce and Tanya, decided in 2019 they would explore the Maritimes to see what real estate was available to become their potential retirement home. In the spring of 2020, during a global pandemic, the real estate boom hit their city, and they were hearing the same for Nova Scotia. Our province was their first-choice for attaining their desire for an entirely different lifestyle – away from the busyness of the city.

“We had $300,000 to $350,000 as a home value in mind to buy. Our semi-detached located off Danforth in Toronto was priced at $850,000. We wanted to come out ahead, so we would be secure in retirement,” Tanya said.

Their century-old home had prime location near the subway and GO Transit Line for a great 13-minute commute downtown.

“We enjoyed our community,” explains Bruce “… we had great neighbours, young children around and street parties – lots of social activity.”

Bruce says, “Our agent suggested a starting quote of $899,000. We did not do any renovations and only some staging. Fifty couples went through and we received four significant offers. Six days later we sold – with zero conditions – and a price of over a million dollars. We just requested a closing of September 2020 to get the kids off to school – which we got.”

The couple got more than they had anticipated.

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Rabobank Announces Leadership Changes in U.S., Canadian Offices

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NEW YORK, Dec. 16, 2020 /PRNewswire/ — Rabobank, the leading global food and agribusiness bank, has appointed two of its top executives, Tamira Treffers-Herrera and Robert Sinescu, to become Co-Heads of North American Client Coverage, positioning the Bank for future growth in the region.

Treffers-Herrera has also assumed the role of Vice Chairperson and Head of the Atlanta office, where she additionally oversees Rabobank Mexico, which is led by Eduardo Palacios. Sinescu is the Head of the Chicago office, and also oversees Rabobank Canada, led by Marc Drouin, who was recently appointed as Canada’s General Manager.

Treffers-Herrera and Sinescu report to David Bassett, Head of Wholesale Banking North America, the Bank’s corporate and investment banking business for the region based in New York.

“Both Tamira and Robert have a demonstrated history of strong leadership, operational excellence and passion for our clients,” Bassett said. “Their broad experience and deep sector expertise will be invaluable in delivering dynamic results for clients while accelerating our growth trajectory in North America.”

Each office will have an even greater focus on key Food & Agribusiness sectors and clients: The Chicago office will drive growth in sectors including Dairy, Farm Inputs and Grains & Oilseeds, which are also key areas of focus for the Canada office. The Atlanta office will focus heavily on sectors such as Animal Protein, Beverages, Sugar, and Supply Chains, which are important sectors in Mexico as well.

“Rabobank is fully committed to our clients throughout North America, and we believe our new sector-focused coverage will improve our ability to provide knowledge-based, value-added solutions that benefit our clients,” Bassett said.

Treffers-Herrera was most recently based in London as CEO of Rabobank’s European Region from 2016-2020, where she took the organization through Brexit. Prior to that, she worked in the Atlanta office from 2002-2016. During her tenure in Atlanta, Treffers-Herrera served as Global Sector Head – Consumer Food & Beverages, and prior to that she was a senior banker for a portfolio of large beverage and consumer foods clients. She holds a Bachelor of Arts degree from the University of Kentucky, a Master of Arts from the Patterson School of Diplomacy and International Commerce and has studied at The University of Chicago Booth School of Business and Harvard Business School.

Sinescu has been with Rabobank for over 21 years and was previously General Manager of Rabobank Canada, where he oversaw all operations, business development, commercial strategy and relationships with regulators. In addition, he continues to serve as CEO of Rabo Securities Canada Inc. Prior to Canada, he was a senior banker, Head of Corporate Banking, European Sector Head for Sugar, and a member of the Management Team for Rabobank France. He holds a Bachelor of Science in Business from the Bucharest School of Business, a Master of Business Administration & Management and a Master of Science in Banking and Corporate Finance from Sorbonne University in Paris, and has studied at Brown University.

Drouin has worked with Rabobank’s Canadian team for more than nine years and most recently served as a senior banker, Head of Rabobank Canada’s AgVendor Program and a member of Rabobank Canada’s Management Team. He brings extensive wholesale banking experience within the Dairy, G&O, CPG and Supply Chain sectors. Drouin holds a Bachelor of Arts degree from McGill University and a Master of Business Administration in International Finance, Marketing and Management from the Schulich School of Business at York University.

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Greybrook Realty Partners & Marlin Spring Brand Jointly Owned Asset Manager – Greyspring Apartments

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TORONTO, Dec. 14, 2020 (GLOBE NEWSWIRE) — Greybrook Realty Partners and Marlin Spring are pleased to announce the new branding of their jointly owned investment and asset management firm, Greyspring Apartments. With a portfolio of more than 2,000 units and CAD$375 million in assets under management, Greyspring Apartments is focused on the acquisition and repositioning of multi-family assets throughout Canada.

The new name and branding is an important step in Greyspring’s evolution as an independent operating business. Formed in 2018 by long standing-partners Marlin Spring and Greybrook Realty Partners, Greyspring Apartments was established with the goal of building a leading asset management firm with a robust portfolio of residential rental real estate assets in primary and secondary markets across Canada.

Greyspring’s talented team of real estate, asset management and finance professionals is overseen and guided by the Management Board, whose members include Benjamin Bakst, CEO, Marlin Spring; Elliot Kazarnovksy, CFO, Marlin Spring; Sasha Cucuz, CEO, Greybrook Securities Inc.; Peter Politis, CEO, Greybrook Realty Partners; Chris Salapoutis, President & COO, Greybrook Realty Partners; Ashi Mathur, President, Marlin Spring; and Karl Brady. In addition to his role on the Management Board, Karl Brady leads Greyspring Apartments as its President. 

“We are pleased to announce the official name and branding of a business we formed with our partners at Marlin Spring a few years ago,” said Peter Politis, CEO, Greybrook Realty Partners. “Greyspring has been diligently focused on the execution of strategic value-add programs across its portfolio that are improving the quality of housing for tenants and overall asset values. For Greybrook investors, expanding from our core business in real estate development to the value-add space through Greyspring, has allowed us to provide our clients with investment opportunities that diversify their real estate investment portfolios.”

“Marlin Spring and Greybrook have partnered on many residential real estate projects in recent years,” said Benjamin Bakst, CEO and Cofounder, Marlin Spring. “To a great extent, Greyspring illustrates our approach to partnerships. We believe in, and strive for, responsible growth through deepening our relationships with our trusted partners. With Greyspring, we’ve formalized our focus on providing better and more affordable living experiences for Canadians. This vision aligns with our mission to deliver exceptional real estate value to all our stakeholders with an uncompromising adherence to our core values.”

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