As Canada enters its post-pandemic phase, governments may look at selling portions of their vast land and real estate holdings to help raise revenues. With about 89% of the country’s land owned by federal and provincial governments, there’s a significant chance of increased privatization and leasing opportunities.
Like any business with large holdings, governments need help managing their property portfolios. They must understand how to monetize the value of their assets, develop longer-term real estate plans, use their space more wisely and collaborate with other departments and agencies to best distribute their assets. Once these properties are sold, governments must also ensure any profits are properly channeled into the right place.
Osler’s team of legal professionals can help governments review their assets and develop a plan of action. Our deep understanding of industry trends, from urbanization to demographics to technology, can help governments make smart selling — and potentially buying — decisions.
With a need for revenues and sustained demand for real estate from the private sector, governments will be taking a closer look at the value of their property holdings. Work with a law firm that understands the nuances of this space and has experience working with both private and public sector operations.