Cannabis Legalization: Impacts on Property

 

 

On April 13, the federal government officially introduced their plan to legalize the production and consumption of cannabis by July 2018.

 

The proposed legislation would allow adults to legally grow up to four cannabis plants per residence for personal use, but the bill leaves enforcement up to each jurisdiction. To date, few individuals or organizations have spoken up about the negative impacts the proposed legislation could have on properties.

 

Risks include mould, electrical fires and chemicals used on the premises, which can affect the health and well-being of those who live or work in these buildings. Moreover, there are no consistent standards or processes in BC or any other province for remediating buildings used to produce drugs, or for making property history information available to occupants.

 

BCREA believes that homebuyers and renters needed to know if their home was ever identified as having a history of drug production—whether or not that production was legal. BCREA continues to call for accessible information about the history of properties used in drug operations, as well as for clear and consistent property remediation standards.

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.