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November 10, 2022 | ||||||||||||||||||||||||||||||
Association News
As we head toward the new year, many market watchers are ringing recession bells. Will we see an "inevitable" financial downturn in 2023, or will Canada's economic response be more robust?
Join us next week for our November Luncheon as we discuss 2023's economic challenges and opportunities and what lies ahead for BC's real estate market. Christmas in the Capital City!
Join the BOMA Victoria Chapter for our first Christmas Luncheon since 2019! Featuring a buffet meal, refreshments, prizes, and more; don't miss this opportunity to socialize with your peers and celebrate the season! Raffle tickets will be available for purchase on-site by cash or credit card. This year, partial proceeds will go to The Mustard Seed Food Bank. Hope to see you on Thursday, Dec. 1 @ The Marriot Victoria Inner Harbour, Victoria, BC. We had six new members join the Association in October. Please join us in welcoming them to BOMA BC!
Make sure to save the date for the following events coming up in 2023!
• February 1st | QBT Session
• February 16th | February Luncheon
• March 1st | QBT Session
• March 3rd | BOMA Ski Day
Has your building undertaken a retrofit that has resulted in significant energy savings within the past year or two? If so, we want to hear why and how you did it. We’re keen to showcase your efforts to the greater market because you deserve the recognition, and others will learn from your experience. BOMA BC has funding to produce a case study of your building with insight from your engineering firm or other managing contractor.
Interested in being profiled for your team’s efforts? Contact BOMA BC’s Climate Action Manager, Jennifer Davis, or call our office: 604-684-3916.
Regulatory News
On November 1, 2022, BOMA BC met with the Development, Building and Licensing Department at the City of Vancouver to discuss the continued permitting challenges faced by BOMA members.
Government Affairs
Events & Education
Winter is quickly approaching! With it comes extreme weather conditions that put your building through rigorous testing. During these events, damage to your building can occur – unless you're prepared...
Watch this recent (October 2022) webinar on BOMA's e-Energy Training to get more information about the course from the course creator, Prism Engineering.
Good to Know
Source: renx.ca
Fears of an imminent recession in Canada might be a bit overblown – at least according to one senior Bank of Canada economist who spoke at Ottawas's Real Estate Forum.
Source: bisnow.com
Artificial intelligence and automation have been talked about as potential change agents within the CRE workplace for years. Last year, CEL & Associates CEO Christopher Lee told Bisnow 35% of the workforce will not come back to the office full time, and automation may play a big role.
Source: reminetwork.com
In its 44th edition, the report includes proprietary data and insights from more than 2,000 leading real estate experts, exploring shifts in the property sector since the pandemic, changing investor sentiment toward climate risks, the emergence of impact investing, and other current and pending issues within the United States and Canada.
Event Calendar
National News
Source: renx.ca
Seven of the 11 major Canadian cities surveyed by Altus Group have a commercial tax rate more than double the residential tax rate.
Around the Industry
Source: sustainablebiz.ca
Jamie Keech, co-founder and executive chairman of Vancouver-based carbon credit investor Vida Carbon, defends the carbon credit industry as a necessity to reach global net-zero and says there are ways to ensure an investment is in good hands.
Source: retail-insider.com
Retail leasing in Vancouver continues to be robust with vacancies continuing to trend downwards and the expectations for the second half of 2022 continue to stay strong.
Source: CommercialRetail Insider
Ontario-based Darwynn, which is building an end-to-end fulfillment ecosystem, is taking possession of its new 12,000-square-foot facility in Greater Vancouver on Nov. 1, further expanding the company’s offering into Western Canada.
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