 | |
| Company type | Federal Crown Corporation |
|---|---|
| Industry | Real estate development, attractions management |
| Founded | 1956 (as Public Works Lands Company Limited 1981 (renamed Canada Lands Company) 1995 (reactivated) |
| Headquarters | 1700-1 University Avenue, , |
Key people | Stéphan Déry (President and CEO) Kaye Melliship (Chairperson) |
| Revenue | C$269.4 million (FY2018/19) |
| Owner | Government of Canada |
| Website | clc-sic |
| Footnotes / references [1] https://orders-in-council.canada.ca/attachment.php?attach=40454&lang=en | |
Canada Lands Company Limited (French: Société immobilière du Canada) is a self-financing federal Crown corporation reporting to the Parliament of Canada through Public Services and Procurement Canada. The company is responsible for managing property on behalf of the federal government, conducting public consultation and integrating properties back into their surrounding communities for development. Most of its assets are located in Canadian urban centres, and are sold after the CLC revalued the property by providing managerial support and subsidizing immediate costs such as decontamination. However, the company retains ownership of some of Canada's most valued properties, such as Downsview Park, the CN Tower, the Old Port of Montreal and the Montreal Science Centre, from which it draws rental and hospitality revenues.[2][3]
- ^ "2018/19 Annual Report" (PDF). Canada Lands Company. Archived from the original (PDF) on March 19, 2020. Retrieved March 19, 2020.
- ^ Whiteside, Heather (August 2, 2017). "The state's estate: Devaluing and revaluing 'surplus' public land in Canada". Environment and Planning A: Economy and Space. 51 (2): 505–526. doi:10.1177/0308518x17723631. ISSN 0308-518X. S2CID 148915207.
- ^ Pagliaro, Jennifer (February 26, 2020). "Mayor John Tory appears to reverse course on protecting Downsview lands for jobs". Toronto Star. Retrieved March 5, 2020.