When a government department identifies a property as surplus to its needs, Canada Lands Company undertakes an analysis to determine how the property can best benefit local communities and the Government of Canada. The company works with that government department to determine a fair market price for the property and then purchases the parcel through the government’s real property disposal process.
With most of its projects, Canada Lands Company undertakes a public consultation process. Our team works closely with municipal officials to organize the most effective community consultation strategy possible. Our consultation often includes: meeting with community organizations, holding public open houses and establishing local advisory committees to get local input on potential plans for a property. The public is always invited to attend and participate throughout the community consultation process.
After completing the consultation process, Canada Lands Company creates a master development plan for the property. In keeping with the organizations commitment to corporate social responsibility, the master plan will incorporate sustainable development principles such as LEED certifications, and meet the needs of the local community. This plan is submitted to the local city or town council for consideration and approval.
Once the approvals are received, Canada Lands Company typically carries out site servicing. Depending on the site, this may involve the removal of debris and contaminated soil or other environmental hazards. Other preparation work may include the renovation of existing roads, the demolition of unsafe structures and the installation of new roads and other municipal services (for example: sewers, streetlights, etc.).
There are three scenarios for property development in this final phase. Typically, Canada Lands Company markets and sells the property in phases to builders. The builders then carry out construction consistent with Canada Lands Company’s master development plan. Occasionally, Canada Lands Company may undertake the construction of buildings itself, after site servicing. In the third case, certain properties that are of value to the Government of Canada are retained and Canada Lands Company manages those on behalf of the government. Some of the most prominent properties managed by our company include the Canada’s National Tower (CN Tower), the Old Port of Montréal and the Montréal Science Centre.