206:. The company is responsible for managing property on behalf of the federal government, conducting public consultation and integrating properties back into their surrounding communities for development. Most of its assets are located in Canadian urban centres, and are sold after the CLC revalued the property by providing managerial support and subsidizing immediate costs such as decontamination. However, the company retains ownership of some of Canada's most valued properties, such as
28:
264:
in 1995, as the government had excluded non-rail real estate assets from the privatization and re-activated Canada Lands as a holding company for these assets, and to dispose of high-value assets in urban areas. Any property deemed surplus by the government must be sold to the Canada Lands
Company at
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The CLC treats their holdings as financial assets. They appraise the value of their holdings exclusively from an exchange-value point of view, and recommends property management and redevelopment schemes directly aimed at increasing the land exchange value. In contrast, in UK land disposals, surplus
238:
In the late 1980s and early 1990s, the government of Canada adopted legislation and policies that encouraged the sale of public lands and assets. Prior to this period, state ownership of land and corporations was supported by all political parties and was seen as necessary to bind colonial economies
230:
The CLC was founded in 1956 as the Public Works Lands
Company Limited (PWLCL). Its original function was to act as "an intermediary handling public land development, leases, permits, title transfers, etc. for other government departments". The PWLCL had little activity in the first few decades of
304:
The CLC also subsidizes the initial costs of developing the property, such as "the removal of debris and contaminated soil or other environmental hazards. Other preparation work may include the renovation of existing roads, the demolition of unsafe structures and the installation of new roads and
381:
is often touted as one of the CLC's success, as they recycled 4000 tons of scrap metal, removed 120 000 tons of lead contamination and 30 000 tons of wood, and installed a kilometre of pipes and drainage. This work "turned a vacant ‘eye sore’ into a place for community and business activity."
251:
as a "federal nonagent commercial Crown corporation" for the disposition of physical government properties deemed superfluous. It is mandated by the government to act as its agent for the disposal of such assets, and the government is the company's only
337:
from the government that reports to the
Minister of Public Services and Procurement. It functions as a "private sector, full-service real estate company". Unlike other government agencies, it is able to borrow money from capital markets, use
243:
in 1991, government departments were incentivized to dispose of their holdings with no immediate benefits, with the idea that the private sector could make better use of it. The function of today's CLC originates in these policy changes.
397:. CLC purchased several former DND bases that were closed during this process, and it later began to redevelop them. Today, after being handled by the CLC, these ex-military bases are, for the most part, pricey residential units.
321:". She says the "CLC provides regulatory-managerial support for privatization by collecting rent to subsidize property development, by commercializing public space, and by financializing public land."
292:
The goal of the corporation as determined by
Cabinet since 1995 has been to ensure "the commercially oriented, orderly disposition of surplus properties with optimal value to the Canadian taxpayer".
373:
The company has a real estate portfolio totalling approximately 2,400 acres (970 ha) in municipalities across Canada. The initial portfolio included many properties formerly controlled by the
377:, which was privatized in 1995. Most of these properties were highly hazardous, and the CLC took care of their decontamination and redevelopment. The remediation of the CN's Shop Yard in
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designation is based on the land’s operational value, and exchange value is only considered once it is determined that the land has no value for the government.
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505:. Canada Lands entered into a Participation Agreement with the Algonquins of Ontario for the redevelopment of the former
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together and to assist the private sector through government intervention in the economy. Following the adoption of the
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Downsview
Redevelopment, Toronto, Ontario (in partnership with Northcrest of PSP Investments, planning started in 2020)
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117:
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580:
Whiteside, Heather (August 2, 2017). "The state's estate: Devaluing and revaluing 'surplus' public land in Canada".
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Jericho Lands, Vancouver, British
Columbia (in partnership with the Musqueam, Squamish, and Tsleil-Waututh Nations)
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393:. In the 1990s, government officials floated the idea using these DND surplus lands for public services such as
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1131:"Naawi-Oodena officially becomes largest urban reserve in Canada after repatriation of Winnipeg barracks"
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1057:"Joyce Murray: Canada Lands Corporation is committed to coherent planning process for Jericho Lands"
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Of its original portfolio when the company was re-activated in 1995, 70% had been sold by 2006.
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516:, the former Kapyong Barracks in southwest Winnipeg, and the largest urban reserve in Canada.
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256:. The necessity of the disposition of land and other physical assets was the result of the
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program focused on privatization. It was renamed the Canada Lands
Company Limited in 1981.
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793:"CFB Rockcliffe site: New chance for builders to bid in Wateridge 'village within a city'"
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CLCL is the parent of three subsidiary companies: Parc
Downsview Park Inc. (which manages
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949:"Pension fund, Crown corporation join forces to develop huge tract of land in Toronto"
366:), and Canada Lands Company CLC Limited (which manages all other holdings such as the
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Sites of
Governance: Multilevel Governance and Policy Making in Canada's Big Cities
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625:"Mayor John Tory appears to reverse course on protecting Downsview lands for jobs"
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In the 2010s, CLC's major projects were the operation and development of the
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389:(DND) began closing military bases across the country after the end of the
313:
Heather
Whiteside describes the CLC as an "agent of privatization, akin to
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https://orders-in-council.canada.ca/attachment.php?attach=40454&lang=en
845:"Currie's growth continues with grading new phase for spring construction"
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Wateridge Village/Village des Riverains, Ottawa, Ontario (in development)
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Canada Lands Company's completed major real estate developments include:
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478:. An example of this is the 2014 transfer of the Jericho lands in urban
355:
95:
91:
358:), Old Port of Montreal Corporation (which manages attractions in the
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other municipal services (for example: sewers, streetlights, etc.)."
101:
329:
The chair of the company and its board members are appointed by the
699:"Canada Lands Corporation has its most successful year in a decade"
231:
its existence, and went dormant in the 1980s when the government's
1083:"Canada Lands proposes three-tower development for Carling Avenue"
897:"Vancouver city council approves Jericho Lands planning policy"
280:
and surrounding areas, and the redevelopment of decommissioned
674:
Managing Government Property Assets: International Experiences
408:
Canada Lands Company's current real estate projects include:
342:, and hold cash and other short-term financial instruments.
1002:"A barbecue from Canada Lands to say goodbye to Chilliwack"
724:
415:
Village at Griesbach, Edmonton, Alberta (in development)
923:"City going ahead with 2,500-home plan on Heather Lands"
222:, from which it draws rental and hospitality revenues.
819:"Village at Griesbach 'best place in Edmonton to live"
161:
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This portfolio subsequently increased in size as the
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of Ontario, the CLC is redeveloping the site at 299
284:bases across Canada into pricey residential units.
247:Canada Lands was reactivated in August 1995 by the
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430:Heather Street Lands, Vancouver, British Columbia
512:CLC is also participating in the development of
494:nations). The land deal is worth $ 237 million.
453:Garrison Crossing, Chilliwack, British Columbia
241:Federal Real Property and Federal Immovables Act
441:Les Bassins du Nouveau Havre, Montreal, Quebec
871:"Let's get Shannon Park housing project going"
772:"Organization Profile - Canada Lands Company"
582:Environment and Planning A: Economy and Space
333:. It is a self-financing company operated at
8:
973:"Hopeful about Les bassins du nouveau havre"
450:River's Edge, Chilliwack, British Columbia
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509:in Ottawa, now known as Wateridge Village.
1204:Federal departments and agencies of Canada
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447:Moncton Sportsplex, Moncton, New Brunswick
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1129:Shebahkeget, Ozten (December 19, 2022).
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623:Pagliaro, Jennifer (February 26, 2020).
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1023:
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723:. Canada Lands Company. Archived from
539:. Canada Lands Company. Archived from
497:As part of its joint venture with the
474:CLC land is sometimes used to resolve
204:Public Services and Procurement Canada
1159:Young, Robert; Horak, Martin (2012).
424:Shannon Park, Dartmouth, Nova Scotia
7:
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567:
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421:, Calgary, Alberta (in development)
1209:Canadian federal Crown corporations
1031:"Old barracks marching to new tune"
482:to three First Nations groups (the
65:Public Works Lands Company Limited
14:
375:Canadian National Railway Company
697:Brent, Paul (October 24, 2011).
273:, manage, or sell the property.
1219:Real estate companies of Canada
476:Indigenous specific land claims
172:Footnotes / references
387:Department of National Defence
194:) is a self-financing federal
1:
747:"Canada Lands Company | Home"
444:Benny Farm, Montreal, Quebec
192:Société immobilière du Canada
21:Société immobilière du Canada
362:historic area including the
184:Canada Lands Company Limited
142:C$ 269.4 million (FY2018/19)
19:Canada Lands Company Limited
701:. Real Estate News EXchange
1235:
1214:Companies based in Toronto
319:Canada Infrastructure Bank
89:1700-1 University Avenue,
262:Canadian National Railway
170:
39:Federal Crown Corporation
25:
1163:. McGill-Queen's Press.
927:Vancouver Courier Herald
901:Vancouver Courier Herald
594:10.1177/0308518x17723631
1087:Ottawa Business Journal
1006:The Chilliwack Progress
676:. The Urban Institute.
672:Kaganova, Olga (2006).
534:"2018/19 Annual Report"
463:Garrison Green, Calgary
457:Garrison Woods, Calgary
364:Montreal Science Centre
220:Montreal Science Centre
49:Real estate development
379:Moncton, New Brunswick
191:
53:attractions management
875:The Chronicle Herald
360:Old Port of Montreal
249:Government of Canada
216:Old Port of Montreal
200:Parliament of Canada
151:Government of Canada
73:Canada Lands Company
1109:"Wateridge Village"
1063:. February 10, 2018
979:. December 11, 2008
851:. November 18, 2018
470:Indigenous relation
331:Governor-in-Council
22:
1035:The Globe and Mail
799:. January 18, 2018
269:, which must then
1037:. October 3, 2003
903:. August 24, 2018
877:. January 2, 2020
546:on March 19, 2020
340:letters of credit
267:fair market value
198:reporting to the
196:Crown corporation
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1138:. Retrieved
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725:the original
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630:Toronto Star
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35:Company type
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1041:October 27,
1012:October 27,
983:October 27,
777:October 27,
254:shareholder
131:Chairperson
1198:Categories
520:References
499:Algonquins
465:, Alberta
459:, Alberta
325:Governance
315:PPP Canada
233:neoliberal
110:Key people
1140:March 13,
954:March 16,
933:March 10,
907:March 10,
881:March 10,
855:March 10,
829:March 10,
803:March 10,
751:en.clc.ca
731:March 19,
705:March 14,
610:148915207
602:0308-518X
550:March 19,
480:Vancouver
118:President
71:(renamed
1135:CBC News
756:June 30,
636:March 5,
488:Squamish
484:Musqueam
391:Cold War
368:CN Tower
346:Holdings
317:and the
278:CN Tower
218:and the
212:CN Tower
202:through
45:Industry
977:Spacing
356:Toronto
288:Mandate
271:develop
226:History
162:clc-sic
157:Website
139:Revenue
96:Ontario
92:Toronto
58:Founded
1167:
721:"Home"
680:
608:
600:
490:, and
419:Currie
214:, the
210:, the
188:French
102:Canada
606:S2CID
544:(PDF)
537:(PDF)
147:Owner
78:1995
69:1981
61:1956
1165:ISBN
1142:2024
1116:2020
1095:2020
1069:2020
1043:2020
1014:2020
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956:2020
935:2020
909:2020
883:2020
857:2020
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805:2020
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758:2020
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707:2020
678:ISBN
638:2020
598:ISSN
552:2020
296:Work
120:and
63:(as
590:doi
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354:in
260:of
164:.ca
122:CEO
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