Vancouver Commercial Real Estate Podcast

VCREP #134 | Affordable Communities, with Brad Jones, Senior VP of Development at Wesgroup

May 15, 2024

Brad Jones, Senior VP of Development at Wesgroup, discusses Development Cost Charges (DCCs) and Community Amenity Contributions (CACs) on the podcast. They explore affordability, sustainability, and future development challenges, offering valuable insights. Brad shares his vision for improving communities through thoughtful development practices.

47:15

Creator website

Episode guests

Brad Jones

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Development Cost Charges (DCCs) cover infrastructure costs, while Community Amenity Contributions (CACs) contribute to community amenities.

Amenity Contributions Charges (ACCs) are adding complexity by including infrastructure costs, impacting project feasibility.

Deep dives

Challenges in Vancouver's Real Estate Market

Navigating through the complexities of the Vancouver real estate market poses significant challenges, especially with varying information on market activity. The inventory appears plentiful, but the issue of buyers hesitating due to uncertain market conditions remains prevalent. Despite increased inventory, buyers continue to actively seek properties, indicating a balance between supply and demand.

Introduction

2min

Real Estate Market Dynamics and Cookie Mishap

4min

Discussion with Brad Jones on Development Costs and ACCs

2min

Navigating the Rising Costs of Development Projects

10min

Challenges and Outlook in Canadian Real Estate Development

20min

Lighthearted Golfing Discussions and Trip Traditions

2min

Brad's Favorites and Sports Chats

6min

Exploring Affordability and Development Costs in Real Estate

3min

Join Cory and Melissa as they welcome Brad Jones, Senior Vice President of Development at Wesgroup, to the podcast this week. Recently recognized as one of Business in Vancouver’s Forty Under 40, Brad brings a wealth of experience and expertise to the table.

Brad unpacks the critical topics of Development Cost Charges (DCCs) and Community Amenity Contributions (CACs). With a focus on affordability and sustainability, they explore the challenges and opportunities facing future developments, offering invaluable insights into the complex world of real estate development.

Don't miss out on this enlightening conversation, where Brad shares his vision for elevating communities and driving positive change through thoughtful development practices.

Level up!

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.

Vancouver Commercial Real Estate Podcast

VCREP #134 | Affordable Communities, with Brad Jones, Senior VP of Development at Wesgroup

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Challenges in Vancouver's Real Estate Market

Understanding Development Costs: DCCs and CACs

The Rise of ACCs and their Impact on Development

Calls for a New Funding Model in Real Estate Development

Remember Everything You Learn from Podcasts