Nov 19 2024 41 mins 3
This week, Cory and Adam are joined by Derick Fluker, Senior Vice President of Acquisitions & Asset Management at Wesgroup Properties, to tackle a pressing issue in real estate development: how rising costs and taxes are reshaping decisions for developers.
In this insightful episode, Derick dives into how changes in capital gains inclusion rates, Metro Vancouver’s fee increases, and shifting market dynamics are influencing whether developers hold onto income-generating properties like shopping centers or pursue new housing developments. Through real-world case studies, Derick illustrates the tough decisions developers face, like choosing between a multi-tower residential project or maintaining a grocery-anchored shopping center.
If you’re curious about the complex relationship between policy, taxes, and housing supply, then this is a must-listen conversation.
