Mirvish Village developer Westbank faces lawsuits over unpaid bills and more of this week’s top real estate stories

Mirvish Village developer Westbank faces lawsuits over unpaid bills and more of this week’s top real estate stories
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Home of the Week, 29 Swanwick Ave., TorontoRaffi Tutundjian/Raffi Tutundijan/Jagged Lens

Here are The Globe and Mail’s top housing and real estate stories this week, with the lowest mortgage rates available in Canada today, commentary from our mortgage expert and one home worth a look.

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Property developer Westbank faces lawsuits over sprawling Mirvish Village redevelopment project

High-profile Canadian real estate developer Westbank Corp. is being sued by four construction companies for more than $25-million in unpaid work at the large Mirvish Village rental apartment project in Toronto, writes Shane Dingman and Rachelle Younglai. In a statement, Westbank said the issues stem from disruptions after it took over as its own construction manager on the site, and said that construction is “progressing” as it plans to finish the residential portion of the Mirvish project in 2024.

Westbank

Aspect Effect of Mega Banks Sitting on Foreclosed Units is Unpaid Taxes And Maintenance Charges

Real EstateLearn the most recent news about residential and industrial actual estate in the Seattle area and Pacific Northwest. My first attempt to perceive shopping for probate real-property at deep reductions would have been to a attend a seminar held at an area lodge. Oh, the seminar was free okay, nonetheless the actual program?as I’d study later? value multi thousands of dollars. Yikes!

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On September 4, 2012 “Federal Construction Professionals” was made on LinkedIn. Began with simply three members, within two weeks it became the quickest growing group inside development category, surpassing 500 members in simply twenty-one days. Stats over the web …