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| Archive | Send to a Friend | www.boma.bc.ca | BOMA Marketbase | ||||||||||||||||||||||||||||
| September 14, 2023 | ||||||||||||||||||||||||||||
 Association News Mentorships are a cornerstone of our industry, serving as a conduit for knowledge, personal and professional development. For mentors, they offer a unique avenue to contribute and hone their leadership acumen. For protégés, they present a valuable prospect to acquire insights and direction while broadening their professional connections.
Submit your application(s) to the BOMA Mentorship Program before Sept 18th. Once accepted, you will receive a confirmation email and a link for a DiSC assessment. In October, the program begins with four workshops to cover importnant details, mentor-protégé roles, building strong mentoring relationships, and developing essential career skills.  Join us this October in Kelowna for our second Okanagan Luncheon of the year. Registration is open - Full event details coming soon!
Thursday, October 5th, 2023 11:30 AM - 1 PM PDT Grand Okanagan Resort 1310 Water Street, Kelowna BC  We had a collection of new members join the Association in July + August. Please join us in welcoming them to BOMA BC!
 Next month, BOMA's TNP "toast" to fall and to celebrate their 5th(!) Breakfast Club event - Register your seat(s) early!
Wednesday, October 11th, 2023 8:30 AM - 10 AM PDT Palate Kitchen 848 West Hastings Street  A huge thanks to our exceptional volunteers, generous sponsors, and enthusiastic participants who made our annual golf tournament an unforgettable success! Your unwavering dedication continues to drive our mission to support the industry.
A special thanks to the following sponsors:
Alpine Building Maintenance - Lunch Sponsor Ultra-Tech Cleaning Systems - Signage Sponsor Integral Services Group - Massage Tent Sponsor Johnson Controls - Golf Ball Sponsor Priority Building Services Ltd. - Sponsor Co-Sponsor
First Onsite Property Restoration - Wine Co-Sponsor GDI Integrated Facility Services - Wine Gift Sponsor And our on-course food and beverage sponsors: Acera Insurance BEST Community Fire Prevention Fire-Pro Fire Protection Guardteck Security Corp. Haakon Mechanical Services Paladin Security Group Ltd. Somatic Mechanical Electrical Plumbing And finally, to all of our hole sponsors; we couldn't have done this without you! View the event photo album and video (see link below)
Government Affairs Between August 24 and September 17, the City of Vancouver seeks public input to help inform the 2024 Budget. They hope to learn what areas and services you think the City should prioritize in the coming year and your preferred financial tools for balancing the budget, including property taxes.
Source: Daily Hive Urbanized
Premier David Eby released a letter criticizing the Bank of Canada’s planned interest rate increase, saying that “People in BC are already hurting.” Are you interested in joining a Vancouver agency?
Vancouver’s civic agencies are appointed by council and advise on city priorities, projects, and initiatives. Starting September 12th, 2023, you can apply to volunteer on one of many of Vancouver’s exciting agencies and communicate the city’s perspective to council. Apply to join a planning committee, advisory panel, or planning commission. Visit www.vancouver.ca/volunteer and apply for an opening vacancy until October 8th, 2023. 
Events & Education Summer's scorching heat can harm your roof. UV rays and high temperatures can lead to cracks and leaks. Regular inspections by trained technicians are vital to catch and fix issues early.
Don't wait for leaks; act now while the fall sun shines. Learn more in the full article about safeguarding your roof through preventive maintenance.
Good to KnowVancity Credit Union recently launched a Retrofit Financing Program, offering financial support to businesses and non-profits that own commercial properties. The program aims to promote climate-friendly retrofits, reduce carbon footprints, and improve building performance. Key features include preferred pricing for buildings meeting a 30% GHG emission reduction, flexible lending options, extended mortgage terms, and custom performance reports. Qualifying properties can expect lower costs, increased value, and resilience against future climate impacts.
To learn more, please visit the link below.
Event Calendar
National NewsSource: CommercialBloomberg
McKinsey Global Institute estimates that pandemic shifts could erase as much as $1.3 trillion of real estate value in big cities around the world by 2030. “Everyone is asking, ‘Is this going to come back?’” said adviser Phil Kirschner. Source: REMI Network/Canadian Property Management
Canadian hotel investment surpassed pre-COVID levels for the first time in the first half of 2023 as more than $1 billion worth of hotel deals were completed. Around the IndustrySource: BCREA
In Q2 2023, the BCREA Commercial Leading Indicator (CLI) increased by 0.6 points to 147, with a six-month moving average at the same level. However, it was 4.7% lower compared to Q2 2022. It's important to note that the commercial real estate environment remains abnormal and uncertain due to COVID-19's structural impact on the economy, despite positive economic and office employment growth indicators.
Source: Daily Hive Urbanized
The office building planned for the redevelopment at 8 East Broadway will now feature apartment rentals instead of the originally planned 104,000 sq ft of office space. |
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