Relationship Between Climate Change and Real Estate Valuation
Stephen Waque, a senior partner at Borden Ladner Gervais LLP whose practice focuses on environmental law, highlights the impact that climate change will have on land values and how environmental initiatives can help municipalities remain competitive.
Climate change factors will have a significant and differential impact on land values. Green development is a factor that will drive the larger trend toward larger development companies, and areas subject to intensification and development in accordance with Green building and Green neighbourhood standards will increase in value significantly more than alternative
Stephen Waque is a senior partner with BLG and a founding director and past president of the Ontario Expropriation Association. He has more than 30 years experience in the practice of expropriation legislation and real estate law. Stephen is the author of New Law of Expropriation, a two-volume reference text that deals comprehensively with government acquisitions of real estate and business interests, and is considered an authority in Canada. For more information on Stephen Waque please visit http://www.blg.com/en/home/our-professionals/Pages/Waque-Stephen.aspx