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Mr X: Most money is made on re-zoning

Without a beat, former Clarington Mayor John Mutton outright said that most money in real estate is made on “re-zoning.”

In an episode of The Highest And Best Use Podcast with Ryan Carr, the eponymous host asked the former city mayor, who’s been recently and infamously labeled as Mr. X in the ongoing Greenbelt fiasco, where he thinks the most money is made.

“I have to say: in the re-zoning end first, and on the market advancement second,” Mutton replied. He added that “most developers [he knows] don’t build,” characterizing that developers mostly develops real estate assets rather than build on it to increase property valuation.

Carr even added that most people don’t know that developers and builders are two different skill sets.

You can read more on the matter here.

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What’s the latest?

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