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Market Impact: 0.05

Cable Bay development headed to public hearing

Housing & Real EstateRegulation & LegislationESG & Climate Policy

Rezoning for the Cable Bay development south of Nanaimo, B.C., is proceeding to a public hearing. Many local residents oppose the application over potential impacts to a popular hiking trail and surrounding area; the outcome could delay or restrict the project but has minimal broader market implications.

Analysis

Rezoning for the Cable Bay development south of Nanaimo, B.C., is proceeding to a public hearing. Many local residents oppose the application over potential impacts to a popular hiking trail and surrounding area; the outcome could delay or restrict the project but has minimal broader market implications.

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