Course Overview
Development of real estate has the purpose of moving the use of a real estate asset to the highest and best use, which may benefit an array of direct and indirect users of the particular asset. This course builds on business economic principles covered in earlier courses and begins with a review of the optional types of title and tenure property rights in British Columbia. Students progress to focus on regional, municipal, neighborhood, site planning and zoning which governs the ultimate use of the property. Sustainability, as it applies to the natural environment, will also be considered both in concept and use. Through a variety of measures including evaluation of data sets, past and present development projects, and government regulations, students demonstrate an ability to identify profitable development opportunities and apply sound business strategy to a development proposal within forecasted market conditions.
Prerequisite(s)
Credits
4.0
- Retired
- This course has been retired and is no longer offered. Find other Flexible Learning courses that may interest you.
Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Explain the application of the concept of “highest and best use” as it applies to real estate development.
- Explain by comparison and contrast the different forms of title and tenure in BC as they may apply to property rights and development of real estate.
- Research and explain an Official Community Plan as it applies to the various land uses both present and forecasted for a BC municipality.
- Research and explain the application and effect of relevant environmentally sustainable policies and regulations on the development of land in BC.
- Forecast market conditions, research a targeted neighborhood and identify an array of development options, and then propose an optimum development solution for a specific site.
- Develop a sound business strategy to harvest the proposed development solution.
Effective as of Spring/Summer 2020
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.