July 14, 2022

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July 14, 2022

Association News

BOMA BC Announces Support for Provincial Clean Building Tax Credit

On July 13, 2022, BOMA BC President Damian Stathonikos announced our industry’s support for BC’s new 5% Clean Building Tax Credit at a Provincial government press conference. Damian spoke alongside the Minister of Finance, Selina Robinson, the Minister of Environment and Climate Change Strategy, George Heyman, and the Mayor of Vancouver, Kennedy Stewart.

Our long-time member Martello Property Services' President, Wayne Smithies, announced his retirement early this spring. If you are familiar with Wayne, you may know of his deep roots within Vancouver's Commerical Real Estate industry. Before Wayne heads off onto his next adventure, we wanted to thank him for his years of service and contributions to the Association and community.

Career Opportunities Await!

With our vast network of business and property managers - BOMA BC is dedicated to connecting the right employees with the right employers.

Whether you are looking to change positions within the industry or simply want somewhere to start, your next step starts here!

Kandor manages complimentary companies that provide Property Managers with full service solutions for worry free operations delivered by professionals with decades of experience in the industry. EVERCLEAN FACILITY SERVICES offers a refreshingly positive approach to a broad spectrum of custodial and maintenance services. GUARDTECK SECURITY excels at ensuring the safety of people, property and assets by providing security professionals trained to be ideal front-line ambassadors for your brand.

Government Affairs

More than 100 homes on the way for Downtown Eastside Indigenous community

Source: Canada Mortgage and Housing Corporation

All levels of government are investing in a 112-unit development prioritized for Indigenous people in Vancouver’s Downtown Eastside.

Events & Education

July Education Feature

Souce: Tremco

Regardless of the roof system in place, owners face a dilemma as the system begins to degrade over time. Regular preventative maintenance can help delay the inevitable; use of quality materials and specifications suitable for conditions ensure longer lasting roofs.

For over 50 years, Bee-Clean Building Maintenance has been providing expert cleaning, restoration, consulting and facilities services to valued clients in the public and private sectors, 24 hours a day, 365 days per year: Our Business is taking care of yours.

Good to Know

Zero Emission Vehicle Infrastructure Program - Application Tips

Natural Resources Canada (NRCAN) recently launched a Request for Proposals for its Zero Emission Vehicle Infrastructure Program (ZEVIP) - a cost-sharing program to fund the construction of electric vehicle charging and hydrogen stations.

Applications are now open until August 11, 2022

The Province of British Columbia's Training Grant provides employers with education and training funds to keep their teams competitive and ready to take on the ever-changing market.

Under the recently updated program, employers may apply for funding as often as they need and will be reimbursed 80% of training costs up to a maximum of $10,000 (per employee).

To learn more about the program and apply, click the button below.

The health of your building matters

Source: REMI Network / Canadian Apartment

The Centre for Active Design released a report in June detailing the correlation between building health and tenant satisfaction ratings.

Source: REMI Network / Canadian Facility Management and Design

Environmental non-profit Green Seal announced it will be updating its certification criteria to ban per- and polyfluoroalkyl substances (PFAS) from cleaning and personal care products.

Event Calendar

18
Aug 2022

BOMA Golf Classic

11:00 AM - 9:00 PM PDT | Northview Golf & Country Club 6857 168th St., Surrey

26
Aug 2022

TNP: Nooner at the Nat!

12:00 PM - 4:00 PM PDT | Nat Bailey Stadium 4601 Ontario Street, Vancouver BC

C&W Services is proud to serve more than 600 leading commercial, industrial, educational and public venue clients across North America. Our new Level Up services incorporate best practices instituted in response to COVID-19 to ensure the safety of our employees and our clients’ occupants.

Learn More

National News

Canada transparently draws investor confidence

Source: REMI Network / Canadian Property Management

The Global Real Estate Transparency Index noted that Canada maintained its status as the fifth most highly transparent real estate market in the world.

Source: Daily Commercial News

The Canadian Centre for Policy Alternatives expects the Bank of Canada’s strategy to combat inflation with higher interest rates will trigger a recession.

Around the Industry

Construction nears for new hospital, BC Cancer Centre in Surrey

Source: DailyHive Urbanized

The province released a request for proposals for a new hospital and cancer center planned to come to Surrey in 2027.

Source: Real Estate News Exchange

The lease rate for industrial real estate in Metro Vancouver increased 30 per cent from the first quarter of 2021.

Source: Western Investor

Despite there being less land available for purchase, Q1 2022 commercial real estate sales in Lower Mainland increased to $3.71 billion from its 2021 numbers, a 32.9 per cent change.

Source: STOREYS

With prices soaring, people are looking for more affordable ways to invest in real estate, and a new technology startup called Addy allows investors to contribute as little as $1 to get started.