The sale and conveyance of air rights is gaining more prominence
in Toronto and other Canadian jurisdictions to help address the
shortage of developable land in urban areas. Air rights or the
property interest in the space above a piece of land or the
structures already located on these lands, can be parcelized and
bought, sold or mortgaged in many of the same ways as traditional
real estate.
In the video below, Savvas Kotsopoulos, partner in the Real
Estate practice at Osler, outlines the key legal considerations
involved in developing air space.
Video transcript
SAVVAS: Hi, I'm Savvas Kotsopoulos, a partner in the Real
Estate group at Osler based in Toronto.
The sale and conveyance of air rights is gathering interest in
Toronto and other Canadian jurisdictions, in part due to the
shortage of developable land in urban areas. In Toronto and
Vancouver, where there is limited urban land available for
development, the prospect of extracting additional
