Brokers and Realtors rarely agree but on this they may, with the Association of Saskatchewan Realtors calling for a registry for former drug houses.
“A lot of us think … here in Saskatchewan (that) this kind of thing doesn’t happen,” Bill Madder, the association’s CEO told Global News. “But we know it’s here and there are definite impacts on properties.”
And brokers have been quick to laud the association’s initiative, believing an official registry will complement the one already in use by the OPP.
“I do think it is a positive for the housing industry because I know with my experience with clients, sometimes clients don’t know if it’s not disclosed up-front that it is a grow-up and they find out at the last second after the deal goes to the lender and insurer that the house has been flagged as a grow-up,” Phil Edwards of MorCan Direct told MortgageBrokerNews.ca. “Usually in those cases the client is already all-in on the property because they have waived their condition of finance or home inspection, so at that point they have to go through litigation to get out of the deal.”
Concerns about the health and safety hazards of a former grow-up house have also been well documented, with some municipalities going as far as demolishing buildings known to have housed grow-ops.
“Some municipalities are tearing the buildings down because they’re worried about the recourse,” Mark Goode of Dominion Lending Centres
Mortgage Man told MortgageBrokerNews.ca in September. “If someone in the building gets sick or gets cancer, they’re worried about that.”
If the registry is implemented, Saskatchewan will become the first province in Canada with such a database.
Broker: demolish marijuana grow-op houses