Institutional investors are very active in Vancouver real estate right now.
Every municipality in the Lower Mainland has different policies that impact land development. What can be done in one municipality may not be possible in another (e.g., because of view cones, below market rental requirements, etc.).
Unless your base case thesis is escalating land value, your investors are looking for diligent research exploring development scenarios.
REIT, private equality, and private development groups are asking questions right now, like:
1. What policy changes are anticipated before/after the October 15, 2022, BC municipal election that could impact our land development?
2. When the province removes zoning powers from municipalities later this year, what will have changed?
3. What government relationships are required to achieve more certainty about land use and environmental approval timelines? Do we go straight to the Mayor or talk to staff first? (The answer is: staff first.)
4. How can we be more certain of applications fees, infrastructure fees, and other servicing costs of redevelopment?
Investment committees want a third-party opinion on what can be done with a property. A planning consultant land use study ensures accountability in acquisition, disposition, and business plan change decisions.
We verify our land use opinion through government relations. This is done within 30 days.
Government staff love working with clients who are supported by Channel because submissions are organized and well-prepared. Excellent communication results in fewer rounds of comments from municipal review teams, trimming several months from the approvals process.
If you would like to start working with Channel, please take five minutes to complete the new client questionnaire. You can learn more about the quality of our work by reading the client testimonials. Once you complete the questionnaire, then please book an appointment here.