Brownfields are under-utilized or vacant commercial and industrial properties that may have contamination issues. These properties are often located in prime areas and have significant re-development potential. BC examples of award-winning brownfield redevelopments that have transformed their communities include South East False Creek in Vancouver and Dockside Green in Victoria.
BC BROWNFIELD RENEWAL
BC Brownfield Renewal provides information and resources to local governments, developers and professionals on brownfield redevelopment in British Columbia.
CANADIAN REAL ESTATE ASSOCIATION
The members of the Canadian Commercial Council of REALTORS® (CCC) of The Canadian Real Estate Association specialize in industrial, commercial and investment real estate, and have long recognized the benefits of rehabilitating and redeveloping existing properties that are under-used or abandoned. These benefits include, among other things, increased local property values, an increased property tax base and increased densities in established urban centres, thereby reducing urban sprawl.
Federation of Canadian Municipalities' Green Municipal Fund (FCM) provides funding for the very best examples of leadership and innovation in municipal sustainable development. These initiatives must aim to achieve significant environmental impact and have the potential to be replicated in other communities. FCM programs assist property owners and developers assess, remediate and redevelop brownfield properties. The program includes grants, loans and expert advice to help return brownfield properties to productive use.