Commercial Real Estate

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Douglas Todd: Everybody loves their entitlements, especially B.C. housing developers

Metro Vancouver city councils have approved 132,000 housing units, but developers haven't started to build them. Much money can be made by monetizing entitlements through a resale or flip.

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It’s common for humans to protect their entitlements, the things to which they believe they have a right and privilege, whether it’s the right to respect or, in Canada, to universal health care.

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So it shouldn’t be surprising that big property owners also hold on to their “entitlements,” the industry term for government approvals to use land in a way that suits them.

Douglas Todd: Everybody loves their entitlements, especially B.C. housing developers Back to video

But what happens when property developers don’t really do what is required to keep their entitlement?

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