Canadian-based real estate brokerage Dream Maker Realty, Inc., is dedicated to helping its clients turn their dreams of owning homes into reality. Focused on real estate as an investment tool, Dream Maker Realty Inc. knows the value of fixing up existing properties rather than buying new. A national housing shortage and climate change are two of the largest issues facing Canada today, and renovating existing properties across the nation is one of the ways the country can combat both issues.
Due to steady population growth since 2016, there are more Canadians that need homes than there are houses available in the country. Unfortunately, building more homes to satisfy demand may have an adverse effect on the climate. Building new suburban communities can lead to more highways and more cars on the road, which is the leading cause of greenhouse gas emissions in Ontario. More suburban communities would also lead to less natural green space across the nation.
As an alternative, experts are looking at converting apartment buildings built after World War II, which are common across the country. There is also the opportunity to build residential units in former office building that are no longer in use, as many businesses have downsized or shifted to remote working.
Redeveloping existing buildings is not going to completely solve either crisis, but it is a step in the right direction. As developers continue to build communities in the suburbs, there are ways that they can make strategic decisions to lessen their environmental impact. By building smaller homes, townhouses, and apartment buildings, they can reduce their carbon footprint and fit more people into smaller areas. The manner in which housing is developed going forward could have a huge impact on future greenhouse gas emissions in the country.
