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Canada  + Alberta & Prairies + Maritimes + Ontario  + Multi-residential Housing  | 
The federal government is selling off six surplus properties in Calgary, Edmonton, Ottawa and St. John's, NL for residential development, including affordable housing.

Federal Government Unlocking Six Surplus Properties

The federal government is unlocking six surplus properties in Calgary, Edmonton, Ottawa and St John’s, NL for residential development, including affordable housing.

The dispositions will create 2,800 new homes, said the government in a news release.

Canada Lands Company, a Crown corporation that specializes in real estate development, will facilitate the construction. Public Services and Procurement Minister Jean-Yves Duclos pledged more dispositions for residential development.

The disposed properties include parts of decommissioned military bases and former research facilities. In Calgary, disposed lands will be used for 516 homes at Currie. In Edmonton, 711 homes, including 93 affordable housing units, will be constructed at the Village at Griesbach.

The feds are also developing 307 homes at Wateridge Village, 600 suites at Carling Avenue, and 710 homes on Booth Street in Ottawa. And, 34 homes are slated for Pleasantville in St. John’s, NL.

With the sell-off, the government is on track to support the construction of 29,200 new homes over the next six years, according to the news release. In future, projects in Canada Lands Company’s pipeline will have an affordable housing target of 20%.


Inside The Story

Jean-Yves DuclosCanada Lands Company

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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