Real Estate Recap’s Post

A decade of delays, lack of alignment on methodology, Canada's first big off-ramp for a Progressive Design Build, an on-off saga lasting over 3 months with politicians turning to social media instead of dialogue. Calgary's Green Line LRT has it all. Will this mega infrastructure project finally move forward in 2025? #transit #infrastructure #majorprojects

The article discusses several major UK infrastructure projects, such as HS2, Crossrail, and Northern Powerhouse Rail, and their positive effects on real estate growth. Improved connectivity, sustainability, and urban regeneration are driving up property values and attracting investment in both residential and commercial sectors. The projects are also creating job opportunities and stimulating local economies. #RealEstateGrowth #InfrastructureDevelopment #UKPropertyMarket #HS2 #NorthernPowerhouse #Crossrail #SustainableGrowth #UrbanRegeneration #EconomicDevelopment #PropertyInvestment Link to the full article: UK Property Times

"development activity has significantly stalled because of increases in prices for building materials, skilled labour, higher financing costs and scheduled increases to the City of Delta, Metro Vancouver and TransLink DCCs...also asks Housing Minister Ravi Kahlon to consider amendments to applicable legislation to allow local governments to consider changing the time for collections." https://lnkd.in/gPx7mCgc DCC's are out of control & BC govt refuses to enforce own Best Practices Guide https://lnkd.in/g25mVWqM Victoria increased DCCs 258% and Oak Bay recently approved DCCs and ACCs up to $35,652 per unit. The CRD proposes an additional $9,000 per unit for an upstream water project. Greater Victoria’s total housing starts in 2024 were down 16%. https://lnkd.in/gSriDiDm

"development activity has significantly stalled because of increases in prices for building materials, skilled labour, higher financing costs and scheduled increases to the City of Delta, Metro Vancouver and TransLink DCCs...also asks Housing Minister Ravi Kahlon to consider amendments to applicable legislation to allow local governments to consider changing the time for collections." https://lnkd.in/gDTHWwZk DCC's are out of control & BC govt refuses to enforce own Best Practices Guide https://lnkd.in/gqq5DzAT Victoria increased DCCs 258% and Oak Bay recently approved DCCs and ACCs up to $35,652 per unit. The CRD proposes an additional $9,000 per unit for an upstream water project. Greater Victoria’s total housing starts in 2024 were down 16%. https://lnkd.in/gWUMsYec

As Calgary gears up for its November budget deliberations this week, the Calgary Construction Association is urging City Council to put infrastructure at the forefront. In a recent opinion piece published in the Calgary Herald, Bill Black and Frano Cavar emphasize the critical role of infrastructure in supporting our city’s growth, resilience, and economic vitality. From watermain upgrades to transit expansion and recreational facilities, these investments aren’t just about construction—they’re about ensuring Calgary remains a thriving, competitive, and livable city for generations to come. We understand that budget constraints are real, but we believe infrastructure investment is a non-negotiable priority. It drives job creation, attracts investment, and builds the backbone of our community. Read our full perspective here: https://lnkd.in/gMgfpPK6 #Calgary #Construction #Infrastructure #Budget2024 #Leadership #YYC

Rocky View County's (RVC) ambitious joint transportation hub venture with the City of Calgary, the Prairie Gateway Project, has received approval to move forward from the Calgary Metropolitan Region Board (CMRB), reported the Airdrie City View. "A statement released on Nov. 27 by RVC confirmed the CMRB's unanimous approval of the Rocky View County and City of Calgary transload facility project. According to RVC's documents, the Area Structure Plan east of Langdon will facilitate a “large-scale rail-served industrial centre benefiting from access and proximity to the railway through radiating spur lines south of Township Road 232.” "The Area Plan includes about 1,800 acres of land in the southeast part of the County, with a portion of it falling within the City of Calgary and the RVC Intermunicipal Development Plan area, which County documents identify as a “growth corridor” for the City of Calgary." https://lnkd.in/gjiDJH5v #calgary #industrial #development

As City Council gears up for its budget deliberations this week, Bill Black, President & CEO of the Calgary Construction Association, and I co-authored an op-ed in the Calgary Herald, calling on City Council to make infrastructure a top priority during the upcoming budget deliberations. From watermain upgrades to transit expansion and recreational facilities, we emphasized the urgent need for strategic investments that drive Calgary’s growth, competitiveness, and livability. These aren’t just construction projects—they are the foundation of a strong and resilient city. While budget constraints are a challenge, we believe bold leadership is needed to ensure infrastructure remains front and center. The decisions made in this budget cycle will have lasting impacts on Calgary’s future. Read our full piece in the Calgary Herald: https://lnkd.in/gesKQbwT #Calgary #Infrastructure #YYC #ConstructionLeadership #Budget2024

Canada is focusing on accelerating home construction, emphasizing the crucial role of increased investment in municipal infrastructure. According to a recent report by the Canadian Urban Institute, collaboration between the public and private sectors is essential to achieve this goal. The report, backed by the Canada Infrastructure Bank, highlights that the average infrastructure cost required to facilitate housing surpasses $100,000 per newly constructed home. This funding encompasses various resources like public transit, roads, water systems, schools, fire stations, and recreational amenities. #Canada #Infrastructure #HousingDevelopment

IF used properly across BC, this will have positive impact on feasibility of developments: "delaying collection of all development cost charges (DCC) to time of issuance of occupancy permits instead of at time of a subdivision application or issuance of a building permit" - (IF is doing a lot of work here.)

County council to lead 10-week tender for infrastructure suppliers on behalf of three other councils to install more public charge points on residential streets https://lnkd.in/d8NNDDY7