Hot Properties: How Global Warming Could Transform B.C.’s Real Estate Sector
Hot Properties was commissioned by the Real Estate Institute of British Columbia to provide an analysis of how global warming will affect B.C.’s real estate sector. The report finds that changes in purchasing behaviour, government regulations, building standards and the way in which insurers calculate risks are either already underway or imminent. These forces are likely to affect the design and the location of new developments, and could substantially alter property values within B.C. The report also highlights opportunities for the development of a new and vibrant economy based on green buildings and compact design.