There must be a big problem with Grow-Ops homes being put on the market in Canada or else Canadian Realtors have lot’s of time on their hands now that the hockey season is winding down. There is a big debate on how to categorize what constitutes a grow-ops house as once the home has been used as one it greatly diminishes the house’s net worth.
We have discusses the problems with grow houses before in here, here, and here. Now it is becoming a national real estate issue in Canada. I had no idea it was such a big problem.
“In some ways, we’re struggling with which way to cope with it, because, what is a grow-op? That’s one of the big questions. Is a house a grow-op if you had 10 marijuana plants growing in the basement?” says Walker, a broker who operates an agency based in Richmond Hill, Ont.
The Canadian Real Estate Association (CREA), provincial real estate associations and local real estate boards are also offering their members training and workshops with police and industry groups.
They have introduced mandatory or voluntary disclosure requirements for sellers and are doing as much as possible to increase public awareness about the potential pitfalls of former grow-op sites.
Among other concerns, former grow-ops pose health risks, structural damage due to mould or water, or changes to the foundation as a result of growers trying to bypass electricity meters or obtain power illegally. via Business Edge News Magazine
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