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November 10, 2020 | ||||||||||||||||||||||||||||
Association News
Government Affairs
BOMA BC has been working with City of Vancouver buildings staff on a more flexible system of regulations pertaining to existing buildings under the new Zero Emissions Buildings Strategy. More work will take place over the next year as emissions targets are established. Read the letter to City Council here. BOMA's director of government affairs, Muneesh Sharma, co-wrote a commentary on why government should act quickly on PACE financing. Read the article here.
Good to Know
The City of Vancouver and Vancouver Coastal Health's Nov. 20 webinar is free to attend. It addresses the use of rainwater and groundwater in buildings for non-potable applications (such as toilet flushing, irrigation and cooling towers) from the perspectives of the Vancouver Building By-law (VBBL) and the Vancouver Coastal Health Authority.
Increased handwashing due to COVID-19 sanitation protocols can also mean an increase in water use and the associated costs for businesses and institutions during an already challenging time. The Capital Regional District (CRD) is launching a new program...
Source: Pace Solutions
FortisBC, is offering its customers a substantial rebate on the pioneering water additive EndoTherm® under the new “Hydronic Additive” category. When added to hydronic system water, it lowers energy consumption and emissions by up to 15%, helping buildings reach GHG emission goals with no new equipment or downtime. This reduces energy costs, offering an average simple payback of under two years. Event Calendar
National News
Around the Industry
Source: Business in Vancouver
The federal government’s Canada Emergency Rent Subsidy announced last week will provide rent and mortgage-payment assistance to commercial real estate tenants and owners. Source: Real Estate News EXchange
According to Colliers International senior vice-president Matt Carlson, now that we’re seven months into the pandemic, bigger companies who took over subleases from small businesses at the beginning of the outbreak are now looking at subletting. Source: Western Investor
“With a decrease of 27.9 per cent from 2010, Vancouver posted the largest drop in commercial rates out of 11 cities surveyed by the Altus Group for its 2020 Canadian Property Tax Rate Benchmark Report, released October 26.” Source: Western Investor
“Victoria’s Old Town, a swath of downtown that features historic buildings and Canada’s oldest Chinatown, is being transformed by both large and small-scale developers.” Source: CTV News
Concord Pacific has released images showing initial plans for Quantum Park, a development consisting of retail, office and residential space, on the site of the old Molson Brewery in Vancouver. Source: Victoria News
The $87-million Pacific Maritime Centre, scheduled to open in 2024, will be the new home of the Maritime Museum of BC. The development will include an office tower with commercial space to provide the museum with more financial sustainability. |
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