Canada’s Industrial Land
Is there a shortage of industrial land in Canada, particularly in major cities like Toronto and Vancouver, due to population growth, limited availability of suitable land for development, and rising real estate prices?
The CBC video below states that repurposing industrial land for residential or commercial use has caused increased competition and rising prices for existing industrial properties.
What is Industrial Land?
Industrial land refers to a specific type of real estate that is used for manufacturing, warehousing, or other industrial activities. This can include land used for factories, processing plants, distribution centres, and other similar facilities. Industrial land is typically zoned for industrial use and may have special infrastructure and environmental requirements to support industrial activities.
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What do you think?
Is there an industrial land crisis in Canada? Let us know in the comments.