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60-411: Wesley Clover Parks' 500 acres (200 ha) property includes the stables and indoor arena, as well as several outdoor sand rings for riding, acres of pasture space, a cross-country course, a large wooded area that is home to many species of local wildlife, and a campground. The cross country course accommodates four levels of difficulty and is used for competitions. Wesley Clover Parks hosts and produces

120-413: A campground, and a nature school for young children. The Parks intend to draw more international equestrian events, as well as more participation from the non-equestrian community in outdoor sports. Anne, Princess Royal toured the facilities on Remembrance Day 2014 and dedicated in her name The Princess Royal Riding Ring. A state-of-the-art artificial turf soccer field was constructed at the east end of

180-406: A complete listing of housing types and layouts, real estate trends for shifts in the market, and house or home for more general information. Real estate can be valued or devalued based on the amount of environmental degradation that has occurred. Environmental degradation can cause extreme health and safety risks. There is a growing demand for the use of site assessments (ESAs) when valuing

240-595: A number of annual equestrian events including, Wesley Clover Parks is also the equestrian centre of choice for third party horse show producers, who lease the facility for competitions and events throughout the season. Past events include Polo in the Park Ottawa, third party Bronze/Silver shows, the Ottawa Dressage Festival, and Eventing at the Parks. Wesley Clover Parks has been the host venue for

300-616: A number of charity runs including the Color Vibe 5K and the BADASS Dash. The site is used for charity runs, endurance races, festivals, sporting events, and equestrian competitions. Wesley Clover Parks harvests over 100-acres of hay to feed the over 55 horses and 1 donkey that call The Parks home, part of a long-term commitment to sustainable farming. With the help of GeesBees Honey Company, Wesley Clover Parks brought in over 300,000 honey bees and now host 6 hives on site to help support

360-642: A property for both private and commercial real estate. Environmental surveying is made possible by environmental surveyors who examine the environmental factors present within the development of real estate as well as the impacts that development and real estate has on the environment. Green development is a concept that has grown since the 1970s with the environmental movement and the World Commission on Environment and Development. Green development examines social and environmental impacts with real estate and building. There are 3 areas of focus, being

420-465: Is called upon when necessary to deal with specific business or issues. It can be delegated certain powers and functions by the board of directors. This Committee includes: Marc Seaman (chairperson), Mireille Apollon, Larry Beasley , Norm Odjick, and Tobi Nussbaum . The 8-person Audit Committee oversees the NCC's internal audit function, and reviews the special examinations and annual financial audits of

480-608: Is often purchased as an investment, whether or not the owner intends to use the property. Often investment properties are rented out, but " flipping " involves quickly reselling a property, sometimes taking advantage of arbitrage or quickly rising value, and sometimes after repairs are made that substantially raise the value of the property. Luxury real estate is sometimes used as a way to store value, especially by wealthy foreigners, without any particular attempt to rent it out. Some luxury units in London and New York City have been used as

540-428: Is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property , (more generally) buildings or housing in general. In terms of law, real relates to land property and is different from personal property, while estate means

600-540: Is the responsibility of the Minister of Public Works and Procurement , currently Filomena Tassi . In the 28th Canadian Ministry under Stephen Harper , the NCC reported to Parliament through the Minister of Foreign Affairs , and then through senior Ottawa-area cabinet ministers, the last of whom was Pierre Poilievre . It is governed by the National Capital Act , which explains the boundaries of

660-472: Is the steward of the Capital's six official residences: Other assets managed by the NCC are: The role of the NCC is to champion the interests of Ottawa , Gatineau , and surrounding region as the nation's capital , typically with regard to issues of national interest, such as the location of monument and museum sites, and major streetscapes such as Confederation Boulevard . The objects and purposes of

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720-659: The Cabinet of Canada is designated responsible for the National Capital Act , currently the Minister of Public Services and Procurement . Through the 19th century, the character of what is known today as the National Capital Region was blemished and transformed by industrialization . According to then-Prime Minister Wilfrid Laurier , what became the City of Ottawa was "not a handsome city" by

780-610: The Government of Canada in the region. The NCC is the capital's largest property owner, owning and managing over 11% of all lands in the Capital Region. It also owns over 1,600 properties in its real estate portfolio, including the capital's six official residences; commercial, residential and heritage buildings; and agricultural facilities. The NCC reports to the Parliament of Canada through whichever minister in

840-691: The Great Depression in the U.S. caused a major drop in real estate worth and prices and ultimately resulted in depreciation of 50% for the four years after 1929. Housing financing in the U.S. was greatly affected by the Banking Act of 1933 and the National Housing Act in 1934 because it allowed for mortgage insurance for home buyers and this system was implemented by the Federal Deposit Insurance as well as

900-494: The March and Nepean Townships. The riding school was also intended to provide access to athletics programs for girls, while the city's commitments to hockey rinks and sports fields were seen as mostly serving boys. At its conception, De Long intended the park to offer both English and Western riding lessons, as well as other disciplines such as driving and horse-drawn skiing. Riders training for competitions would also be able to rent

960-575: The National Capital Region in great detail. Its headquarters are in the Chambers Building on Elgin Street , between Queen and Sparks Streets. Oversight and direction of the NCC's operations and assets are the responsibility of its national board of directors. As defined in the National Capital Act , the board consists of a chairperson , a chief executive officer (CEO), and 13 other members with relevant professional backgrounds from

1020-821: The Parliament Buildings , and the preservation of large natural parks adjacent to the Capital. This plan was the first to recommend improvements north of the Ottawa River . Following the Todd Report was a master plan for Canada's Capital, tabled by Herbert S. Holt 's Federal Plan Commission (or, the Holt Commission). Todd was appointment chairmen when the Federal Plan Commission was established in 1913 by Order-In-Council of Prime Minister Robert Borden 's government with

1080-544: The federal Office of the Auditor General . It also oversees the reporting of financial information, ensuring that the necessary processes and controls are in place for the NCC to achieve its objectives. This committee consists of 6 board members, plus the NCC chairperson and the CEO (as ex officio members). The Governance Committee reviews (and makes recommendations to the board on) matters relating to amendments to

1140-484: The mayor of Ottawa . The OIC was supported by notable Capital builders, such as Government of Canada botanist William Saunders and Robert Surtees, former city engineer and designer of Major's Hill Park . The Commission acquired land as early as 1901, and its first priority was to clean up the banks of the Rideau Canal , create and expand a park system , as well as a network of boulevards and parkways . One of

1200-582: The "Holt Report" or the "Bennett Plan," was released in January 1915 and was one of Canada's first comprehensive plans. The report recommended that the work of the OIC be broadened, expanding on the 1903 Todd Commission's beautification proposals for urban parkways and a linked city park system. This included formally establishing Gatineau Park . Most notably, the Report recommended a major political reform :

1260-540: The "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land (or comes with the land), such as vehicles, boats, jewelry, furniture, tools, and the rolling stock of a farm and farm animals. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within

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1320-574: The 1880s. Laurier, together with Lady Aberdeen , the wife of the governor general , advanced the idea of planning for a better capital. </ref> In 1899, the Ottawa Improvement Commission ( OIC ) was established with the core mandate of improving and beautifying the city. What began as the OIC evolved as an organization in terms of both mandate and scope over 120 years. The OIC initially consisted of 4 (later 6) volunteer commissioners: three federal appointees, as well as

1380-616: The 6 official residences in the Capital Region. The committee also provides advice to Public Services and Procurement Canada , who is responsible for the Citadel , i.e., the Governor General ’s official residence in Québec City . The committee consists of experts in interior design , architecture, heritage, and real estate development. It has 7 members, plus 1 board observer and 2 ex officio members (the NCC chairperson and

1440-522: The CEO). Aside from the ex officio and observer members, committee members include: Marta Farevaag (chairperson), Bernard Serge Gagné (vice chairperson), Ken Greenberg, Hagit Hadaya, and Chris Piché . The Canadiana Fund solicits donations of heritage art, furniture, and funds to augment the staterooms of the official residences. Pieces that are chosen are meant to "reflect Canada's heritage, artistic traditions and historical associations," or they "complement

1500-402: The Capital Region and across Canada. Since April 2016, the mayors of Ottawa and Gatineau have also ex officio held seats on the board, on a non-voting basis. The NCC holds an annual public meeting in which members of the public are able to express their ideas and ask questions directly to the board. The scope of these annual meetings includes direct public input in a workshop to "discuss

1560-501: The Capital's six official residences; commercial, residential and heritage buildings; and agricultural facilities. Over 70 NCC-managed buildings that are older than 40 years have been designated as "classified" or "recognized" federal heritage buildings by the Federal Heritage Buildings Review Office (FHBRO). The continuing preservation, evolution and management of Confederation Boulevard ,

1620-751: The Capital. A couple of years later, in 1938, Gréber was commissioned to develop a vision and plan for the National Capital Region, now famously known as the Gréber Plan . Due to the Second World War , however, Gréber's plan was put on hold. At the conclusion of the War in 1945, an area of 2,330 km (580,000 acres) was declared the " National Capital District ," and the Federal District Commission Ac t

1680-498: The Capital. The report included numerous studies on the Capital done by Cauchon over a period of around 16 years. It also proposed the reorganization of railway tracks , the building of highways, the development of parks and parkways, and the relocation of industrial activities. In 1927, the OIC was reorganized as the Federal District Commission ( FDC ). As its jurisdiction grew to include parts of Quebec ,

1740-544: The FDC came as result of it having repeatedly failed to convince municipal governments to cooperate in planning efforts regarding the National Capital Region. The National Capital Region was expanded to a total of 4,660 km (1,150,000 acres) of land on both sides of the Ottawa River ; for one thing, the NCC acquired the funds to purchase lands to create the Greenbelt . The National Capital Act gave, and continues to give,

1800-612: The FDC expanded the region's open spaces, extended parkways, improved Dow's Lake , and developed Confederation Square in conjunction with the City of Ottawa . In 1934, a citizens’ group urged the government to purchase land in the Gatineau Hills to save its forests. In 1937, three years later, the FDC began to acquire land for Gatineau Park and, by 1939, a total of 6,500 hectares had been acquired. In 1936, Prime Minister William Lyon Mackenzie King invited French town planner Jacques Gréber to act as an advisor for planning in

1860-620: The Federal Housing Administration. In 1938, an amendment was made to the National Housing Act and Fannie Mae , a government agency, was established to serve as a secondary market for mortgages and to give lenders more money in order for new homes to be funded. Title VIII of the Civil Rights Act in the U.S., which is also known as the Fair Housing Act, was put into place in 1968 and dealt with

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1920-669: The Governance Committee. The Advisory Committee on Planning, Design and Realty advises on the long-range plans and policies for the use of public lands and properties in the Capital Region; design proposals affecting federal lands; and matters of real property . The committee consists of experts in real estate development ; environmental , urban , and regional planning; urban design ; architecture ; and landscape architecture . The committee has 11 members, in addition to two board members who act as observers and two ex officio members (NCC chairperson and CEO). Aside from

1980-673: The Government of Canada announced CA$ 55 million in funding to support critical repair and maintenance of NCC's major infrastructure assets. In 2020, the NCC secured $ 52.4 million in funding towards some of its most significant assets. The NCC is responsible for managing and maintaining several assets in the Capital Region. The NCC operates 90 kilometers of scenic parkways through Ottawa and NCC parks in Gatineau. The NCC operates several urban parks in Ottawa and Gatineau. The NCC

2040-483: The NCC and 3 NCC employees—all of whom are those who have expertise and experience in matters related to the subject. These members are Anne Ménard (chairperson), Collinda Joseph (vice-chairperson), Yoland Charette, Catherine Gardner, Rita Tadi, Daryl Rock, and Monique Beaudoin. The NCC has built relationships with people and organizations throughout the Capital Region and across Canada, including local municipalities and Indigenous communities. To foster partnerships in

2100-451: The NCC are "to prepare plans for and assist in the development, conservation and improvement of the National Capital Region in order that the nature and character of the seat of the Government of Canada may be in accordance with its national significance." The NCC is the Capital's largest property owner, owning and managing over 11% of all lands in the Capital Region. It also owns over 1,600 properties in its real estate portfolio, including

2160-543: The NCC chairperson and CEO, this committee includes: Maryse Gaudreault (Ex-Officio member), Vincent Asselin (Chairperson), Ken Greenberg, David L.A. Gordon, Bruce Haden, Anne-Marie Parent, Tobi Nussbaum (Ex-Officio member), Barry Padolsky, Beverly A. Sandalack, Collinda Joseph (observer), Caroline Lajoie (observer), and Andy Kikites (observer). The Advisory Committee on the Official Residences of Canada advises on asset management and matters that pertain to

2220-520: The NCC statutory authority to implement its plans, an authority confirmed by the Supreme Court of Canada 's ruling in Munro v National Capital Commission . After the 2006 elections , the Government of Canada asked for a formal review of the mandate of the NCC. A panel conducting the review, in its report, suggested that the NCC needed more money and should become more transparent . In 2018,

2280-413: The NCC's strategic priorities for the coming year." As of May 2021 , current board members include: The CEO is accountable to the board of directors for the management of the NCC's operations and "the implementation of the board's strategic directions for the coming year." The following are the committees and committee members of the NCC as of May 2021 . The 5-person Executive Committee

2340-556: The OIC's first projects was the Rideau Canal Driveway (now the Queen Elizabeth Driveway ). Four years following its establishment, the OIC hired Frederick G. Todd , a pioneer in landscape architecture , to aid in reshaping the city. Todd completed his plan, dubbed as the Todd Report, in 1903. Two of his major recommendations were the construction of a ceremonial boulevard linking Rideau Hall and

2400-652: The Parks, close to the Queensway and Moodie Drive, for use as a practice facility during the 2015 FIFA Women's World Cup . National Capital Commission The National Capital Commission ( NCC ; French : Commission de la capitale nationale , CCN) is the Crown corporation responsible for development, urban planning , and conservation in Canada's Capital Region ( Ottawa , Ontario and Gatineau , Quebec ), including administering most lands and buildings owned by

2460-466: The architectural style of a particular residence." The Canadiana Fund consists of Cynthia Price Verreault (chairperson), Anne Fotheringham, Kathy Hays, Douglas B. Richardson, Deborah Riley, Harvey A. Slack, Candace Stevenson, Clyde Wells , and Fei Wong. The Advisory Committee on Universal Accessibility is mandated to assist the NCC by considering those projects that involve a significant universal accessibility component. It has 7 members—4 from outside

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2520-492: The bee population. The Nepean National Equestrian Park first began construction in 1974. Ted De Long first proposed the project with the intention of creating an affordable riding program for those who could not buy or lease horses themselves. The facility would serve the west end and capital region. The property was leased from the National Capital Commission , and first operated by a partnership between

2580-435: The by-laws; the selection criteria for, duties of and benefits for the chairperson, CEO and other board and committee members; the mandate, functioning, competency profile and performance appraisals of the board and its committees; the terms of reference and the selection process for the ombudsman ; and general governance issues. A minimum of 5 board members, plus the NCC chairperson and the CEO (as ex officio members) sit on

2640-449: The ceremonial route linking key attractions in National Capital Region, on both sides of the Ottawa River , in Ottawa as well as Gatineau, Quebec, are the responsibility of the NCC and its partners. These roles are in contrast with the mandates of the various municipal governments, which serve the benefit of their immediate resident, under provincial legislation, on issues like road maintenance, sewer, water and public transport. The NCC

2700-453: The creation of a federal district and federal authority to exercise control over planning and development. The General Plan recommended extinguishing the Ottawa and Hull municipal governments. In their place, a Federal District Commission, similar to the governance model of Washington, D.C. , was recommended. This Commission, reporting to the Government of Canada, would benevolently dictate

2760-485: The environmental responsiveness, resource efficiency , and the sensitivity of cultural and societal aspects. Examples of Green development are green infrastructure , LEED , conservation development , and sustainability developments. Real estate in itself has been measured as a contributing factor to the rise in green house gases. According to the International Energy Agency, real estate in 2019

2820-694: The facilities. The stables were designed by a local architect, Walter Coates, and built in 1976. The construction of the indoor arena was delayed due to lack of funds. The arena wasn't constructed until 1981. In 2012, the City of Ottawa ended its lease of the property. The riding school was closed and the horses were sold. The lease was eventually awarded to the Wesley Clover Foundation, a private not-for-profit philanthropic corporation associated with high-tech entrepreneur Terry Matthews . The Foundation intends to invest more than $ 20 million to give

2880-506: The idea of private property. One of the largest initial real estate deals in history known as the " Louisiana Purchase " happened in 1803 when the Louisiana Purchase Treaty was signed. This treaty paved the way for western expansion and made the U.S. the owners of the " Louisiana Territory " as the land was bought from France for fifteen million, making each acre roughly 4 cents. The oldest real estate brokerage firm

2940-659: The incorporation of African Americans into neighborhoods as the issues of discrimination were analyzed with the renting, buying, and financing of homes. Internet real estate as a concept began with the first appearance of real estate platforms on the World Wide Web (www) and occurred in 1999. Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes. Residences can be classified by and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for

3000-568: The largest of which are Ottawa and Gatineau . The Algonquin First Nation are among the region's indigenous communities with whom the NCC works with in particular. Major Algonquin communities include: Pikwàkanagàn First Nation , located on the shores of the Bonnechere River and Golden Lake ; and Kitigan Zibi Anishinabe First Nation , located just outside the municipality of Maniwaki . Real estate Real estate

3060-526: The law of each U.S. state. The natural right of a person to own property as a concept can be seen as having roots in Roman law as well as Greek philosophy. The profession of appraisal can be seen as beginning in England during the 1500s, as agricultural needs required land clearing and land preparation. Textbooks on the subject of surveying began to be written and the term "surveying" was used in England, while

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3120-565: The planning and stewardship of the Capital, the NCC created the Urbanism Lab , where lectures, events, and public consultations take place on a regular basis. The NCC is the Capital's largest property owner, owning and managing over 11% of all lands in the Capital Region. As such, the NCC collaborates with the region's municipalities on various issues, including urban planning , safe and active transportation , and property and land stewardship . The Capital Region includes 13 municipalities,

3180-554: The planning, development and operation of Canada's Capital. Ultimately, the Holt/Bennett General Plan was shelved; however, many of its technical recommendations were implemented over 40 years after it was written. In 1922, Noulan Cauchon , one of the founders of the Town Planning Institute of Canada , published a report (known as the "Cauchon Report") containing a new planning strategy for

3240-515: The purpose of "draw[ing] up and perfect[ing]" a comprehensive scheme for the future of the rapidly growing Federal Capital, called the "General Plan." The Commission was joined by a renowned architect and urban planner from Chicago, Edward H. Bennett , who prepared the General Plan. The "Report of the Federal Plan Commission on a General Plan for the Cities of Ottawa and Hull," better known as

3300-617: The same physical type. For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns. According to the Congressional Research Service, in 2021, 65% of homes in the U.S. are owned by the occupier. Other categories The size of havelis and chawls is measured in Gaz (square yards), Quila, Marla, Beegha, and acre. See List of house types for

3360-416: The site a full re-construction. Plans for the Parks include a new riding school, created in partnership with Canadian Olympian rider Ian Millar , an upgrade to the show grounds, new public seating, and new horseback riding trails. The Parks will also host non-equestrian facilities, such as several full-sized summer sports fields, a new home for the royal swans, an outdoor skating rink, skiing and hiking trails,

3420-565: The term "appraising" was more used in North America. Natural law which can be seen as "universal law" was discussed among writers of the 15th and 16th century as it pertained to "property theory" and the inter-state relations dealing with foreign investments and the protection of citizens private property abroad. Natural law can be seen as having an influence in Emerich de Vattel 's 1758 treatise The Law of Nations which conceptualized

3480-458: Was amended to expand the responsibilities of the FDC, giving it a truly national scope. Gréber was eventually invited back to develop his plan for the Capital, which was finally published in 1950. In 1958, Parliament passed the National Capital Act , which established the National Capital Region as well as a new National Capital Commission ( NCC ) to succeed the FDC as responsible for bringing Gréber's plan into reality. The replacement of

3540-626: Was established in 1855 in Chicago, Illinois, and was initially known as "L. D. Olmsted & Co." but is now known as "Baird & Warner". In 1908, the National Association of Realtors was founded in Chicago and in 1916, the name was changed to the National Association of Real Estate Boards and this was also when the term " realtor " was coined to identify real estate professionals. The stock market crash of 1929 and

3600-415: Was responsible for 39 percent of total emissions worldwide and 11 percent of those emissions were due to the manufacturing of materials used in buildings. Investment in real estate can be categorized by financial risk into core, value-added , and opportunistic . Real estate development can be less cyclical than real estate investing. In markets where land and building prices are rising, real estate

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