Fermat Ventures
  • Home
  • Stocks And Finance
  • Real Estate
  • Cryptocurrency
  • About Fermat Ventures Ltd.
  • en EN
    • zh-CN ZH-CN
    • en EN
No Result
View All Result
Fermat Ventures
  • Home
  • Stocks And Finance
  • Real Estate
  • Cryptocurrency
  • About Fermat Ventures Ltd.
  • en EN
    • zh-CN ZH-CN
    • en EN
No Result
View All Result
Fermat Ventures
No Result
View All Result
Home Real Estate

The Potential Impact of a B.C.-Based Federal Housing Minister on National Policy

June 4, 2025
in Real Estate
Reading Time: 4 mins read
0 0
0
The Potential Impact of a B.C.-Based Federal Housing Minister on National Policy
Share on FacebookShare on Twitter


Every month, a leader from BCREA shares their insights in an exclusive column for Real Estate Magazine. Interested in contributing? Send us an email.

 

Few Canadian politicians currently have the experience of newly-appointed Minister of Housing and Infrastructure Gregor Robertson, having served in all three levels of government.

Despite being out of the political scene for some time, Robertson has made a comeback with his recent election victory as a Liberal MP in B.C.’s Vancouver Fraserview—South Burnaby riding.

Previously, he served as a Member of the Legislative Assembly for the B.C. NDP starting in 2005. He then went on to become the City of Vancouver’s longest-serving mayor from 2008 to 2018 as a member of the Vision Vancouver slate.

With a mandate to improve housing affordability nationwide, Robertson’s new cabinet post comes with significant political challenges and policy issues. Let’s explore some of Robertson’s past accomplishments and how they align with the current Liberal housing plan.

New technology

 

During his tenure as mayor of Vancouver in 2011, Robertson introduced Vancouver’s first Economic Action Strategy, focusing on job creation, support for local businesses, strategic new investments, and global trade opportunities. The strategy also emphasized targeted job creation in sectors like green energy and digital media.

At that time, Vancouver’s economy experienced significant growth and was identified as the fastest-growing metropolitan economy in the country according to a report by the Conference Board of Canada.

Now, as Robertson takes on expanded housing targets, technology and job growth in related fields are likely to play a crucial role in his strategy. Large-scale technological advancements could revolutionize the construction process and create new job opportunities in the tech sector.

During the election campaign, the Liberal Party expressed interest in expanding prefabricated and modular housing to accelerate construction timelines. These innovations could also open up opportunities for less-skilled workers to assemble prefabricated sections on-site, addressing the impending labor shortage in the construction industry.

 

Environmental housing

 

As mayor of Vancouver, Robertson launched several significant housing-related policy initiatives, including the Greenest City 2020 Action Plan.

The goal of the plan was to make Vancouver the “greenest city in the world” by 2020, focusing on carbon reduction, waste management, and ecosystem preservation. The initiative aimed to promote the “green economy” with an emphasis on increased green buildings for CO2 reduction.

It will be interesting to see how Robertson’s environmental and green technology interests align with his housing targets. He may prioritize reducing carbon footprints, promoting sustainable building practices, and incentivizing green housing technology.

However, the challenge lies in the fact that green building typically entails higher construction costs, which may contradict efforts to make housing more affordable.

 

Canadian homelessness issues and housing for vulnerable populations

 

One of Robertson’s notable policies in 2008 was the goal of eliminating homelessness by 2015 in Metro Vancouver. Unfortunately, homelessness in the region worsened during that period, leading to criticism of his leadership in addressing this issue.

Nevertheless, homelessness and housing for vulnerable groups remain important topics for Robertson. It is likely that he will strive to improve his track record in this area and leverage his new position to make a positive impact.

Regarding specific vulnerable housing groups, the Liberal pre-election platform mentioned expanding student housing, care facilities, and accommodations for the aging population.

 

Incentivizing and expanding rental stock

 

Given Robertson’s focus on vulnerable groups, he is likely to pay attention to the significant number of renters across the country.

In the 1970s and early ’80s, the federal government implemented a tax incentive program called the Multi-Unit Residential Buildings program, which led to a substantial increase in rental properties. While costly in terms of lost tax revenue, this program proved effective and may be a direction Robertson considers to fulfill his mandate.

 

Governmental housing alignment

 

Having experience in all three levels of government, Robertson is well-positioned to promote stronger collaboration from municipal to provincial…



Source link
This article was complied by AI and NOT reviewed by human. More information can be found in our Terms and Conditions.

Tags: affordabilityaffordable housingB.CB.C.BasedBCREACanadaFederalGregor RobertsonhomelessnessHousinghousing policyImpactMinisterNATIONALPolicyPoliticsPotentialsupply crisis
Previous Post

City-Wide Mural Initiative: Cailey Heaps’ Transformation of Toronto

Next Post

Trump admits challenges in negotiating with China’s President Xi

Related Posts

Richard Silver, Toronto-based Sotheby’s representative, calls on Carney to permit foreign buyers
Real Estate

Richard Silver, Toronto-based Sotheby’s representative, calls on Carney to permit foreign buyers

June 13, 2025
Prairies and Newfoundland & Labrador Dominate Commercial Real Estate in Face of Trade and Economic Challenges
Real Estate

Prairies and Newfoundland & Labrador Dominate Commercial Real Estate in Face of Trade and Economic Challenges

June 13, 2025
As realtors expand across provinces, consumer protection must keep pace
Real Estate

As realtors expand across provinces, consumer protection must keep pace

June 12, 2025
Calgary’s Mackenzie Hare transitions to Royal LePage after brokerage parts ways with Re/Max
Real Estate

Calgary’s Mackenzie Hare transitions to Royal LePage after brokerage parts ways with Re/Max

June 12, 2025
Many Canadians are turning to single-family rentals as homeownership remains out of reach for many.
Real Estate

Many Canadians are turning to single-family rentals as homeownership remains out of reach for many.

June 12, 2025
Toronto and Vancouver face sales and price decreases due to excess condo inventory, reports CMHC
Real Estate

Toronto and Vancouver face sales and price decreases due to excess condo inventory, reports CMHC

June 11, 2025
Next Post
The U.S. is trying to create bargaining chips to trade with China for rare earths: Strategist

Trump admits challenges in negotiating with China's President Xi

Calgary home sales decline and inventory increases; CREB describes market as ‘balanced’

Calgary home sales decline and inventory increases; CREB describes market as ‘balanced’

  • Trending
  • Comments
  • Latest
Engel & Völkers reports strong performance of Canadian luxury real estate in changing market conditions

Engel & Völkers reports strong performance of Canadian luxury real estate in changing market conditions

July 18, 2024
Property Taxes in Canada: Ranking the Most and Least Affordable in 2024

Property Taxes in Canada: Ranking the Most and Least Affordable in 2024

July 2, 2024
CREA introduces the Canadian Realtors Care Award 2025, honoring a decade of community impact recognition

CREA introduces the Canadian Realtors Care Award 2025, honoring a decade of community impact recognition

October 4, 2024
June sees Canadian housing market revival after interest rate cut

June sees Canadian housing market revival after interest rate cut

July 17, 2024
Title Revision: HSBC Elevates UK Stocks, Lowers Canada By Investing.com

Title Revision: HSBC Elevates UK Stocks, Lowers Canada By Investing.com

0
BitGo to Provide Custody Services for Coins in the CoinDesk 20 Index

BitGo to Provide Custody Services for Coins in the CoinDesk 20 Index

0
Analog Devices Soars as Q2 Results and Guidance Surpass Expectations (ADI)

Analog Devices Soars as Q2 Results and Guidance Surpass Expectations (ADI)

0
Firms offering ‘Buy Now, Pay Later’ services must adhere to U.S. credit card laws

Firms offering ‘Buy Now, Pay Later’ services must adhere to U.S. credit card laws

0
Kevin O’Leary Credits His Marriage’s Survival to Working Nonstop While His Kids Were Growing Up

Kevin O’Leary Credits His Marriage’s Survival to Working Nonstop While His Kids Were Growing Up

June 15, 2025
What we have learned from the first fatal Boeing Dreamliner crash

What we have learned from the first fatal Boeing Dreamliner crash

June 14, 2025
CVX, UAL, NOC, RH, and additional stocks

CVX, UAL, NOC, RH, and additional stocks

June 13, 2025
Richard Silver, Toronto-based Sotheby’s representative, calls on Carney to permit foreign buyers

Richard Silver, Toronto-based Sotheby’s representative, calls on Carney to permit foreign buyers

June 13, 2025
Fermat Ventures

Discover the latest in stocks, finance, cryptocurrency, and real estate with Fermat Ventures. Stay informed with expert analysis, timely updates, and comprehensive coverage of the financial markets.

BROWSE BY CATEGORIES

  • Cryptocurrency
  • Real Estate
  • Stocks And Finance
No Result
View All Result

LATEST UPDATES

  • Kevin O’Leary Credits His Marriage’s Survival to Working Nonstop While His Kids Were Growing Up
  • What we have learned from the first fatal Boeing Dreamliner crash
  • About Fermat Ventures Ltd.
  • Disclaimer
  • Privacy Policy
  • Copyright
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Fermat Ventures.
Fermat Ventures is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Fermat Ventures
Disclaimer

The content on this website is for informational purposes only and is not professional advice. By proceeding, you agree that Fermat Ventures Ltd. is not responsible for how you use this information. You also agree to our Privacy Policy, Disclaimer, and Terms and Conditions.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
No Result
View All Result
  • Home
  • Stocks And Finance
  • Real Estate
  • Cryptocurrency
  • About Fermat Ventures Ltd.

Copyright © 2024 Fermat Ventures.
Fermat Ventures is not responsible for the content of external sites.