BOMA BC eNews
June 14, 2024
Association News
Feather your hair and button up your bell bottoms – it's the BOMA Boogie Boat Cruise presented by Grime Fighters!
 
Once our boat leaves the bay, attendees will enjoy the following:
 
Refreshments: Including a signature cocktail, complimentary drink ticket, and finger foods for all.
Entertainment: Non-stop '70s hits spinning on the ship.
Costume Contest: Jumpsuits, platforms, wide collars, and cords – the best-dressed member wins an award! (Sponsorship Available!)
Dance Contest: Select a track and shake your stuff. Our judges decide who gets the prize!
Photo Booth: Collect your crew, pick some props, and strike a pose in our far-out photo booth!
 
Tickets are selling fast - Better do "The Hustle" and register below!
 
Thursday, July 11th, 2024 | 1:30 PM - 6 PM PDT
1601 Bayshore Drive, Vancouver, BC
 
Today is the launch of BOMA BC’s Decarb Accelerator Program, which provides buildings with hands-on assistance for identification and reduction of GHG emissions and overall building efficiencies – and here’s the best part: ALL at no cost to the building!
 
BOMA wants to ensure buildings are provided with the right information and support to identify and select replacement equipment and building systems that will avoid future emissions fines and taxes that could leave your building financially constrained.
 
Every building participating in the program will receive a dedicated Decarb Program Manager/Engineer that will work one-on-one with your team to assess and determine what unique support or resources your property and team might need to assist in reducing your energy and carbon emissions.
 
This is an extraordinary opportunity for BOMA to support buildings in a meaningful and profound way through funding from the Federal Government and in partnership with the Zero Emissions Innovation Centre (ZEIC).
 
Visit the BOMA BC website to learn more about the program and fill out an application for your building to participate.
 
On May 23/24, hundreds of members and staff filled the ballroom at Fairmont Pacific Rim for the BOMA '24 Awards Gala presented by SerVantage Services Group!

We want to congratulate all of this year's award winners with a special acknowledgement to GWL Realty Advisors for their outstanding achievement in taking home 𝘀𝗶𝘅 awards across multiple categories!
 
 
We are thrilled to introduce BOMA BC's 2024–2026 Strategic Plan, designed to guide our organization over the next three years!
 
Developed in partnership with our board and senior staff, this plan is the culmination of thorough member interviews, benchmarking research, and a comprehensive satisfaction survey.
 
The Strategic Plan includes five pivotal areas of focus:

1) Advocacy & Government Relations: Championing policy changes that advance the interests of the commercial real estate sector.
2) Education, Information & Resources: Providing cutting-edge resources to empower informed decision-making among our members.
3) Member Programs & Services: Delivering impactful programs and services designed to enhance value for our members.
4) Networking & Events: Creating diverse networking opportunities that foster meaningful connections within the industry.
5) New Priority: Justice, Equity, Diversity & Inclusion (JEDI): Promoting understanding and implementing initiatives to drive JEDI principles throughout our industry.
 
Additionally, our strategic plan addresses concerns voiced by members:
 
• Economic Climate: Addressing challenges posed by rising interest rates and commercial property taxes.
• Impact of Rising Poverty and Crime: Tackling issues of crime, homelessness, and addiction in urban centers.
• Labour and Recruitment: Focusing on strategies for recruiting, training, and retaining professionals, with an emphasis on diversity, equity, and inclusion.
• Decarbonization: Supporting members in achieving building efficiency and resilience to climate change, aligned with decarbonization and ESG legislation.

Keep your eyes open for upcoming newsletter providing an in-depth breakdown of the 2024–2026 Strategic Plan. Until then, visit the link below to view our upcoming events.
 
We had several new members join the Association in May. Please join us in welcoming them to BOMA BC!
 
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Grime Fighters Service Group
Events & Education
In this article, learn effective and efficient methods to clean dirty roofs, including a low-emission engine-powered system using heat and less water.
 
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BEE CLEAN BUILDING MAINTENANCE®
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Good to Know
Source: REMI Network
The City of Vancouver opened its cultural hub at 825 Pacific, a seven-storey building for more than 40 artists and non-profit organizations.
Source: REMI Network/Facility Cleaning & Maintenance
Measures like installing proper lighting, using anti-graffiti coating, and planting defensive landscaping can help protect a building from vandalism.
Source: Construction Business
Revery Architecture broke ground on the PNE amphitheatre in Vancouver, which is scheduled to open in summer 2026.
Capable One Door & Gate Services Ltd.
IMPARK
Event Calendar
11
Jul 2024
 
BOMA Boogie Boat Cruise presented by Grime Fighters Service Group
1:30 PM - 6 PM PDT, 1601 Bayshore Drive, Vancouver, BC
15
Aug 2024
 
2024 BOMA Golf Classic
11:00 AM - 9 PM PDT, Northview Golf & Country Club, 6857 168th St., Surrey, BC
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Hallmark Housekeeping Services Inc.®
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National News
Source: REMI Network/Canadian Property Management
Canadian hotel sales increased by 130 per cent in the first quarter of 2024 alongside a 12 per cent increase in the average price of rooms.
Source: Daily Hive Urbanized
The Bank of Canada lowered interest rates for the first time in four years, lowering it to 4.75 per cent.
Around the Industry
Source: Daily Hive Urbanized
The University of British Columbia released conceptual artistic renderings for its planned Surrey campus, which includes ambitious ideas for multiple towers.
Source: Daily Hive Urbanized
Richmond Hospital’s redevelopment and expansion will now cost $1.959 billion, an increase of $1.1 billion from its initial budget
Source: Daily Hive Urbanized
Gilmore Place’s first phase, which is planned for a mixed-use development including a number of dining establishments, will open for public access later in June.
Source: Real Estate News Exchange
In opposition to pandemic trends, owners and occupiers are purchasing industrial space over the investors who dominated the market before and after COVID-19.