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Concordia releases AI-driven rental market research

New research released by the John Molson School of Business at Concordia University, in partnership with private equity real estate firm Equiton, provides a fresh perspective on the future of Canadian rentals and housing affordability. The report, entitled AI-Driven Insights into Key Factors Influencing Canada’s Rental Market, examines the long-term effects of population growth and other trends driving rapid rent increases and low vacancy rates across the country.

“We saw a lack of in-depth analysis of Canada’s housing crisis at the regional level and felt the need to address that,” said Aaron Pittman, Senior Vice-President and Head of Canadian Institutional Investments at Equiton, which commissioned the research. “While the housing crisis is an issue affecting all Canadians, Dr. Yönder’s AI-driven forecasts make it clear that a homebuilding approach that works in one region won’t necessarily work in another.”

Written by Dr. Erkan Yönder, Associate Professor of Real Estate and Finance, and his team at Concordia, the report aims to support the policymakers, investors, and innovators working to address the housing crisis.

Key takeaways include:

  • Rental rates will experience significant increases in major cities including Vancouver, Montreal, and Calgary. Estimates indicate the average two-bedroom monthly rent in Toronto will reach $5,600 (a 72% increase compared to 2023) in under 10 years.
  • More supply doesn’t necessarily lead to lower rents, defying traditional economic expectations. Rental growth in most major markets will continue to accelerate until annual housing completions reach approximately 6% of total dwellings. In the GTA, that is nearly six to seven times the levels achieved in 2023.
  • In the GTA, annual housing completions must reach an astounding 11% of the total number of dwellings (nearly 10 times the rate achieved in 2023) before supply levels result in a reduction in rents.
  • Elevated rent levels are largely driven by immigration. Findings show that a 1% increase in the share of immigrants in a market increases local rents by approximately 0.6%. Meanwhile, a 1% increase in non-permanent residents can increase local rents by 2%.
  • Extreme demand is steadily driving vacancy rates toward 1% across Canada, adding pressure to an already serious situation.

Earlier this year, the Canada Mortgage and Housing Corporation (CMHC) identified the private sector as an important partner in addressing Canada’s housing shortfall. The government agency estimates that the country must add 5.8 million new housing units by 2031, 2.2 million of which needs to be purpose-built rental. However, Yönder noted that new supply has historically fallen far short of the pace needed to meet demand.

“Canadian immigration and housing policies have been out of sync for decades,” he said. “This research helps create a roadmap showing where private investment, regulatory relaxation, and infrastructure improvements could have maximum impact in terms of creating new housing.”

Yönder added that he expects to reveal the details of more upcoming research in collaboration with Equiton later this year.

Alberta prepares to pester electricity consumers

Consumers enrolled for Alberta’s default electricity rate will be asked to reaffirm their purchasing decision at 90-day intervals beginning next year. What was previously officially known as the regulated rate option (RRO) will also be renamed the rate of last resort (ROLR).

The Alberta government describes the tactics, which have been enabled through recent amendments to the Alberta Utilities Commission Act, as “part of ongoing consumer awareness initiatives” to promote the options for competitive retail electricity contracts at either fixed or variable rates that are available in the market.

Under provincial rules, the Alberta Utilities Commission (AUC) determines the default rate for all consumers who do not have a contract and they are automatically enrolled for that billing option. Currently, about 29 per cent of Alberta’s commercial customers, 26 per cent of residential customers and 40 per cent of farm customers are billed the default rate.

The provincial Utilities Consumer Advocate, an arm of the Ministry of Affordability and Utilities, has been given a significant outreach task to contact these customers every 90 days to ascertain their intentions and prod them to consider other options. The advocacy agency’s annual report declares that its total program delivery costs were $6.95 million in the 2023-24 fiscal year, with the consumer education portion of its mandate delivered through a website, social media and a combination of 34 online and in-person presentations. It is also obligated to provide consumers with information about natural gas and water utilities, as well as electricity.

“Alberta’s unique electricity market gives consumers choice in their energy providers and plans. These new regulations bring more clarity and stability to default electricity rates so that Albertans can choose with confidence,” maintains Chantelle de Jonge, a Member of the Legislative Assembly and parliamentary secretary to the Minister of Affordability and Utilities.

“The team at the Utilities Consumer Advocate is available to help consumers understand Alberta’s retail energy market, including these changes, and help them identify options that will work best for their household, farm or small business,” says Chris Hunt, executive director of the Utilities Consumer Advocate.

The provincial government acknowledges that not all Albertans have the ability to participate in the competitive electricity market, either because there are no competitive service providers where they live or because they do not have adequate credit ratings to obtain a contract. As of January 1, 2025, the default rate will switch from a monthly variable to a stable two-year rate. Increases will be capped at no more than 10 per cent when the rate is adjusted biennially.

B.C. centre on list of most beautiful sports venues

The City of New Westminster announced that təməsew̓txʷ Aquatic and Community Centre has been recognized by the prestigious Prix Versailles selection committee as one of the World’s Most Beautiful Sports Venues for 2024.

Announced each year at UNESCO, the Prix Versailles – the world architecture and design award – recognizes contemporary projects that leave extraordinary imprints on their living environments. The award criteria include the innovativeness, creativity, reflection of local heritage and ecological efficiency of each project.

“The City of New Westminster is incredibly honoured that təməsew̓txʷ Aquatic and Community Center has been nominated for this prestigious award. This recognition speaks to the outstanding work that went into designing a facility that reflects our commitment to inclusivity, community well-being, and dedication to environmental responsibility,” said Mayor Patrick Johnstone.

Designed by HCMA, təməsew̓txʷ Aquatic and Community Centre was created for people of all ages and abilities. Focusing on how communities engage in recreation today and in the future, emphasis was placed on human connection and wellness-based activities alongside traditional sporting and fitness pursuits. Over two years, more than 3,000 people, including urban Indigenous, Host Nations, multicultural groups, and an accessibility committee, participated in public and stakeholder engagement.

The facility’s inclusive design features generous circulation, high-contrast braille signage, universal washrooms, ramps, zero-entry pools, a transfer ledge in the adult hot pool, and a moveable floor in the 50m pool.

“To see təməsew̓txʷ on this list, among facilities from far and wide, is incredibly meaningful. Designing for the New Westminster community has been an honour, and we’re thrilled to see the positive impact this facility has already had for its users—the people we design for,” said Paul Fast, principal, HCMA.

In addition to being among the World’s Most Beautiful Sports Venues 2024, təməsew̓txʷ is eligible to compete for one of the three 2024 World Titles – Prix Versailles, Interior and Exterior. Those awards will be discerned by the World Judges Panel.

The World Titles Announcement will be made on December 2, 2024, at UNESCO Headquarters in Paris, France.

 

SIOR central Canada chapter inducts new leaders

Luis Almeida, an executive vice president with JLL, has stepped into the presidency of the SIOR, (Society of Industrial and Office Realtors) central Canada chapter. Kathy Kolodziej, a JLL senior vice president, joins him in the SIOR leadership as the organization’s newly named vice president.

Almeida, who recently made the move to JLL from Lee & Associates, has consistently been ranked as one of Toronto’s top-producing brokers over the course of more than a decade since launching his career. He attained the SIOR designation in 2018 and will apply his strengths in strategic insights and market analysis in his leadership role.

Kolodziej currently manages tenant representation and agency leasing for JLL’s industrial team. Previously, she served as lead of transaction advisory services for Canada Post, overseeing more than 350 transactions annually, and has also worked for CML Health Care, the Region of Peel and SNC Lavalin/Nexacor.

“Both Luis and Kathy bring tremendous expertise,” observes the chapter’s outgoing president, Ted Davis, Canadian chief operating officer for Avison Young. “It’s an honour to welcome them into their roles.”

Almeida and Kolodziej will also participate in the SIOR Canada Council along with leadership peers from the Canada east and Canada west chapters.

Ontario requests feedback for changes to Condo Act

The Ministry of Public and Business Service Delivery and Procurement is looking for feedback from the condo industry related to potential changes to the Condo Act.

There are sections of the Act that the Ontario government passed in 2015, which never formally became law. They include strengthening protections for condo owners and purchasers by improving transparency and clarity while limiting burden.

These sections of the Protecting Condominium Owners Act, 2015 (PCOA) would amend sections in the Act related to: status certificates; disclosure statements; cancellation of purchase agreements (material changes); developer turnover meetings; condo performance audits; and waiving remedies against developers.

The ministry is also exploring the development of regulations under the Condo Act that would support the proclamation of these PCOA provisions, while considering potential changes related to proxy forms records access (to increase condo safety).

The ministry is looking for feedback through a survey link by October 27, 2024, to examine associated regulatory impacts should specific regulatory changes be proposed.

GBAC STAR announces companies receiving accreditation

A distinguished list of transportation hubs, airports, convention centres, museums, stadiums, and commercial office spaces have achieved accreditation from the Global Biorisk Advisory Council® (GBAC), a division of ISSA. This prestigious GBAC® STAR recognition underscores their commitment to maintaining the highest standards of cleanliness and safety, ensuring the health and well-being of all visitors and staff.

As more facilities strive to join the ranks of GBAC STAR-accredited facilities, ISSA continues to support and encourage the adoption of these vital health and safety measures. The dedication to excellence displayed by these newly accredited facilities sets a benchmark for others in the industry, fostering an environment where public health is prioritized and enhanced.

The following facilities have successfully achieved GBAC STAR Facility Reaccreditation during the second quarter of 2024, reinforcing their commitment to keeping their staff, visitors, and community safe:

Transportation

  • Anaheim Transportation Network in Anaheim, CA

Airports

  • Aeroports de Montreal in Dorval, QC
  • Charlotte Douglas International Airport in Charlotte, NC
  • Harry Reid International Airport in Las Vegas, NC
  • Jackson Hole Airport in Jackson, WY
  • South Bend International Airport in South Bend, IN

Convention centres, pavilions, and event spaces

  • Akasaka Intercity Conference in Minatoku, Japan
  • Alliant Energy Center of Dane County in Madison, WI
  • Atlantic City Convention Center in Madison, WI
  • Hot Springs Convention Center in Hot Springs National Park, AR
  • McCormick Place Chicago in Chicago, IL
  • Monona Terrace Community and Convention Center in Madison, WI
  • Moscone Center in San Francisco, CA
  • OLC Education & Conference Center in Rosemont, IL
  • Portland Exposition Building / City of Portland in Portland, ME
  • Riverside Convention Center in Riverside, CA
  • The Ranch/First National Bank Building in Loveland, CO
  • The Ranch/Mac East Livestock Pavilion in Loveland, CO
  • The Ranch/Mac West Livestock Pavilion in Loveland, CO

Museums

  • Minnesota Children’s Museum in Saint Paul, MN

Stadiums

  • Blue Arena in Loveland, CO
  • ExtraMile Arena at Boise State University in Boise, ID
  • The Ranch/Mac Equipment Arena Loveland, CO

Commercial office space

  • Alliance Environmental Group, LLC in Azusa, CA
  • Anago Cleaning Systems in Pompano Beach, FL
  • CAE – Dallas West in Dallas, TX
  • CVFI-444 S Flower, LP in Los Angeles, CA
  • Farnek Training Academy, in Dubai
  • Federal Reserve Bank of Atlanta-Birmingham Branch in Vestavia, AL
  • Grupo ONITMEX S.A. de C.V. in Guadalajara, JAL, México
  • Servi-Tek, Inc.in San Diego, CA
  • The Ranch/McKee Building in Loveland, CO
  • The Trade Group in Grapevine, TX

Government facilities

  • Federal Reserve Bank of Atlanta-Jacksonville Branch in Jacksonville, FL
  • Federal Reserve Bank of Atlanta-Miami Branch in Doral, FL

Industrial facilities

  • Abington Reldan Metals, LLC in Fairless Hills, PA
  • EFS Centre of Excellence in Dubai

Nursing home facility

  • The Garlands of Barrington in Barrington, IL

Hotels

  • Archer Hotel Austin in Austin, Texas
  • Archer Hotel Florham Park in Florham Park, NJ
  • Archer Hotel New York in New York, NY
  • Archer Hotel Redmond in Redmond, WA
  • Excelsior Hotel Ernst AG in Cologne
  • Grand Hyatt La Manga Club Golf & Spa in Cartagena
  • Hotel Chinzanso Tokyo in Tokyo, Japan
  • Hotel Okura Tokyo Bay in Urayasu, Japan
  • Hyatt Centric Downtown Sacramento in Sacramento, CA
  • Hyatt Centric Downtown Sacramento in Sacramento, CA
  • Hyatt Centric Times Square in New York, NY
  • Hyatt House Atlanta Perimeter Center in Sandy Springs, GA
  • Hyatt House Nashville Downtown / Convention Center in Nashville, TN
  • Hyatt House Salt Lake City/Sandy in Sandy, UT
  • Hyatt House Seattle/Bellevue in Bellevue, WA
  • Hyatt Place Boston / Seaport District in Boston, MA
  • Hyatt Place Greensboro/Downtown in Greensboro, NC
  • Hyatt Place Knoxville/Downtown in Knoxville, TN
  • Hyatt Place Los Angeles/LAX/El Segundo in El Segundo, CA
  • Hyatt Place New York City/Times Square in New York, NY
  • Hyatt Place San Pedro Sula in San Pedro Sula, Honduras
  • Hyatt Place South Bend/Mishawaka in Mishawaka, IN
  • Hyatt Place Washington DC/Georgetown/West End in Washington, D.C.
  • Hyatt Regency Indian Wells Resort & Spa in Indian Wells, CA
  • Hyatt Regency Scottsdale Resort and Spa in Scottsdale, AZ
  • Kissel Uptown Oakland in Oakland, CA
  • Park Hyatt Toronto in Toronto, ON
  • The Driskill in Austin, TX
  • Thompson Dallas in Dallas, TX
  • Yaamava’ Resort & Casino at San Manuel in Highland, CA

RELATED: Celebrating the newest cleaners to achieve ISSA’s CIMS Advanced by GBAC

Learn more and apply for GBAC STAR Accreditation at https://gbac.issa.com/gbac-star-facility-accreditation/

CPP Investments steps up data centre strategy

Canada Pension Plan Investment Board (CPP Investments) has committed to a USD $5.6 billion (CAD $7.6 billion) investment in hyperscale data facilities through a newly announced joint venture with the publicly traded digital infrastructure company, Equinix. The deal will see CPP Investments take a 37.5 per cent stake in Equinix’s planned buildout to add 1.5 gigawatts of new capacity for hyperscale clients in the United States.

The sovereign wealth fund, GIC, will also hold a 37.5 per cent equity interest as a third partner in the joint venture, leaving the remaining 25 per cent for Equinix. The joint venture is expected to obtain regulatory approval this fall.

This is a first partnership with Equinix for CPP Investments, but the data facility developer/operator currently has USD $8 billion of investment in play throughout Europe, Asia and the Americas as part of its larger joint venture portfolio. The company boasts more than 10,000 customers and 40 per cent of private on-ramps to leading global cloud service providers. It envisions the new joint venture with CPP Investments and GIC will provide capital to purchase land for “multiple” U.S.-based hyperscale campuses, each with more than 100 megawatts of capacity.

“As the world’s leading companies build out their infrastructure to support key workloads such as artificial intelligence, they require the combination of large-scale data centre footprints optimized for AI training and interconnection nodes for the most efficient inferencing,” observes Equinix chief executive officer and president, Adaire Fox-Martin.

“This investment will help meet the increasing demand for data centres driven by rapid technological advancements and marks a significant step forward in our broader data center strategy,” says Max Biagosch, CPP Investments’ global head of real assets. “We are pleased to partner with Equinix and GIC to deliver strong long-term risk-adjusted returns for the CPP fund.”

Ivan Limpright named new Concert chair

Ivan Limpright has been named chair of both Concert Properties and Concert Infrastructure Fund (CIF).

Former chair David Podmore, OBC, who co-founded Concert Properties in 1989 and founded CIF in 2010, retired on September 30, 2024 and will remain in an advisory capacity as Chair Emeritus to support Limpright and both boards.

“I am delighted to see Ivan assume the role of chair. Having worked closely with him for over a decade, I can attest to his strategic acumen, leadership experience and devotion to fostering meaningful collaboration. He is open to new and innovative ideas and brings to this role a deep understanding of both companies and our commitment to delivering results for our shareholders. I am confident that his enthusiastic, proactive approach will greatly benefit both companies as they continue to grow and evolve,” said Podmore.

Limpright’s extensive leadership experience spans over two decades, including significant roles in union leadership, pension fund and trust management, and serving on numerous boards and key committees.

He has been an active board director for both Concert Properties and Concert Infrastructure for over a decade, serving as a member of the executive, investments, hiring, audit and compensation committees, and gaining deep insight into both organizations.

Limpright served as president of the United Food and Commercial Workers International Union (UFCW) 1518, B.C.’s largest private sector union for more than 12 years.

“I am deeply honoured to step into this role and continue the remarkable legacy that David has established. I am driven to offer strategic direction that not only fosters sustainable growth but also ensures we have the agility to make sound, flexible investment decisions. At the same time, I remain committed to upholding the core values and founding principles that have guided both companies since their inception,” said Limpright.

 

Carbon rebate set for December 2024 payout

A promised carbon rebate will be delivered to small and mid-sized Canadian businesses before year-end, provided they filed their 2023 tax return by July 15, 2024. Finance Minister Chrystia Freeland has confirmed the details of the refundable tax credit, which was first  announced in the 2024 federal budget. About 600,000 enterprises with fewer than 500 employees qualify for a rebate on the federal fuel charge collected between the 2019-20 and 2023-24 fiscal years.

That will be disbursed in the eight Canadian provinces (excepting British Columbia and Quebec) that currently subscribe to the federal fuel charge rate. Total payouts will be lower in the four Atlantic provinces, which adopted the federal backstop scheme for carbon pricing as of 2023-24, and in Alberta, which came on board in 2020-21. Eligible recipients in Ontario, Manitoba and Saskatchewan can expect five years’ worth of rebates.

As well, the total rebate amount for each province is divided by the total number of workers that qualifying businesses employ. Thus, the per-employee rebate varies from province to province — ranging from $82 in Prince Edward Island to $233 in Saskatchewan for the 2023-24 fiscal year.

“The tax credit amount will be equal to the number of persons employed by the eligible corporation in the province in that calendar year multiplied by a payment rate specified by the Minister of Finance for the province for the corresponding fuel charge year,” a government backgrounder advises. “Payment amounts vary between jurisdictions due to differences in the amount of fuel charge proceeds collected in that province and the number of employees that eligible corporations that will receive payments had in that province.”

Canada Revenue Agency will calculate and issue the rebates directly to qualifying businesses. The government is also proposing to allow businesses that missed this year’s July 15 filing deadline to receive rebates for the 2019-20 to 2023-24 period if they have filed their 2023 tax returns by December 31, 2024. However, that will require authorizing legislation.

Candidates called for deep retrofit readiness

A pending blitz for deep retrofit readiness aims to furnish owners/managers of Class B and C buildings with workable strategies and skilled expertise for attaining energy savings and cutting greenhouse gas (GHG) emissions. The Building Owners and Managers Association (BOMA) of Canada is now inviting pre-registrations for its new support and incentive program, to be known as Enspire, funded through the Canadian government’s Deep Retrofit Accelerator Initiative.

“With advancements in building technology and the launch of this initiative, it’s the perfect opportunity for mid-tier buildings to invest in deep retrofits,” says Benjamin Shinewald, BOMA Canada’s president and chief executive officer. “Our team is thrilled about this new program.”

Under the program’s rules, government funding will be channelled to capacity building, to ease pre-project planning, financing and regulatory approvals, and procurement of supplies and services. BOMA Canada plans to leverage its extensive network to connect project proponents with a wide range of resources needed to devise and implement deep retrofits.

Targeted projects are those that can deliver at least a 50 per cent reduction in energy use and/or at least an 80 per cent reduction in GHG emissions from a building. That’s expected to entail a combination of measures to improve energy and water efficiency, enhance indoor air quality and potentially bolster climate resilience, which could include smart technologies, analytics and recommissioning.

BOMA Canada is currently choosing a program administrator and moving to finalize program details ahead of its expected launch in January 2025. Pre-registered enrollees are promised progress updates and early access.

Green Seal unveils new brand identity

Green Seal®, a global nonprofit committed to making safety and sustainability everyone’s business, unveiled a new brand identity to help consumers cut through greenwashing and identify products that are safer for people and the planet.

Since pioneering the ecolabelling movement 35 years ago, Green Seal has transformed the sustainability of away-from-home products through the widespread adoption of its comprehensive certification standard by government and institutional purchasing leaders. Now, the ecolabel is turning its expertise to the household products market.

The new identity is the first step in Green Seal’s commitment to taking bold action to align the consumer-packaged goods and retail communities on the core elements of safer and more sustainable products. These core elements include safer chemicals, responsible sourcing, low-impact manufacturing, sustainable packaging, and verified performance and claims. Defining and driving consensus on criteria for these elements across the industry is a key step in reducing confusion in the marketplace that hinders consumers from putting their wallets where their values are.

“Green Seal has been a driving force and a champion for consumer and environmental safety for 35 years,” said Doug Gatlin, CEO of Green Seal. “We designed our new brand identity to address a much more mature marketplace for safer and more sustainable products than existed when we launched. This identity is an outward reflection of our deep commitment to providing clarity, transparency, and meaningful impact to the growing segment of consumers seeking more sustainable options.”

Green Seal’s comprehensive standard has become increasingly vital as consumers grow more concerned about the health and environmental impacts of everyday products. According to an independent survey conducted by ERM Shelton1 in 2024, 75 per cent of people globally say that buying and using eco-friendly products is an important part of their personal image, and 76 per cent of the global population is very concerned about the use of harmful chemicals.  Additionally, 64 per cent of U.S. consumers find third-party green certifications moderately to extremely important when purchasing a product.

Green Seal designed its new identity with leading brand consultancy Interbrand and extensive input from consumer-packaged goods brands, retailers, and consumers. The development process included two national consumer surveys to identify the product attributes shoppers most value, their knowledge, sentiments, and needs regarding certifications, and their reactions to the new Green Seal mark.

The new certification mark includes a descriptor to educate consumers on what Green Seal certification means, which the organization’s research shows helps improve shoppers’ understanding of the purpose of ecolabels. Brands can use the descriptor to convey that their Green Seal-certified product “meets a high standard for protecting people and the planet.”

Green Seal will showcase the new brand identity at Sustainable Brands ’24 in San Diego, hosting a breakfast panel discussion on October 16 geared toward brands and retailers on “Solving the Biggest Problem with Sustainable Products.”

To learn more about Green Seal, its impacts, and certified products and services please visit: https://greenseal.org/.

 

Rogers Stadium to open at former Downsview Airport

Live Nation Canada has unveiled plans for Rogers Stadium, a temporary outdoor concert venue that will open on the former Downsview Airport site in summer 2025.

The purpose-built design will accommodate 50,000 patrons and host a wide range of concerts and music acts in north Toronto, while anchoring Northcrest Development’s evolving 370-acre master planned community for a limited amount of time.

Northcrest has been leading the transformation of YZD. Over the coming decades, this largely undeveloped land will build out into seven new neighbourhoods as one of the largest mixed-use projects in North America.

“Rogers Stadium is a testament to our vision for this masterplan, which includes a series of communities, creating a space where people come together to experience the best the city has to offer,” said Northcrest’s CEO Derek Goring. “With development plans for these lands years away, this new venue serves not only as a premier concert venue but also reflects Northcrest’s commitment to creating a seasonal destination that brings much-needed infrastructure for the city’s arts and culture sector.”

Construction and operation at the north end of the former airport’s runway are expected to generate thousands of jobs, boost tourism and support local businesses, while bringing about $80 to $100 million to the local economy.

Rogers has signed on as naming rights partner and exclusive telecommunications and entertainment sponsor.

Scholarship winner targets next CRE career level

Peppa Leskovic, a commercial property administrator with Mitchell Developments, is the 2024 recipient of BOMI Education Canada’s Vyetta Sunderland scholarship. The annual bursary supports a commercial real estate careerist who is pursuing a Real Property Administrator (RPA) or Facilities Management Administrator (FMA) designation.

Leskovic entered the commercial real estate workforce as a property administrator in 2017 and took up her current position with Regina-based Mitchell Developments in 2022. Industry sponsors attested to her strong negotiation skills, business administration prowess and ability to foster collaboration in recommending her for the scholarship.

“Peppa loves this industry, and this is just the opportunity she needs to accomplish greater things in commercial property management,” says Kim Saunders, property manager with East Port Properties, BOMA Fellow and chair of BOMI Education Canada. “She’s already planning on how she can fast-track her learning.”

“The ability to take my knowledge to the next level is very important to me, as I am committed to giving back to the industry and furthering its cause throughout the coming years,” Leskovic concurs.

The scholarship is named in honour of a longtime BOMI board member and professional development champion, widely respected for her 40 years of real estate industry experience. It was conferred at BOMEX 2024, the annual conference of the Building Owners and Managers Association (BOMA) of Canada.

Ghost River selected for Bow River reservoir

After reviewing multiple options, the Alberta government has determined that the relocated Ghost Dam option is significantly better than the Glenbow East option due to its lower cost, ability to mitigate future droughts and floods, and fewer social and environmental impacts.

The Bow River runs through the most populated regions of Alberta, so managing water levels in this river is important to help the province respond to floods, droughts and other extreme weather. Past events like the 2013 floods have shown the importance of protecting communities downstream.

“Increasing water storage capacity is critical to protecting Calgary and other communities along the Bow River from future floods and drought. Based on the data collected in the study, one option, the relocated Ghost Dam, is clearly the best choice to move forward with,” said Minister of Environment and Protected Areas Rebecca Schulz.

In 2013, the southern Alberta flood caused more than $5 billion in damage in Calgary and surrounding communities. Creating additional water storage will significantly reduce the impact of severe weather events on Albertans who live and work around the Calgary area.

After extensive study, Alberta’s government is moving forward with exploring the relocated Ghost Dam option because it has a smaller project footprint and fewer overall impacts to the environment, property and infrastructure, while providing comparable water storage to the Glenbow East option.

The Glenbow East option posed higher risks to downstream communities during construction, including Calgary. Its earthfill dam would also be more susceptible to erosion and failure during large flood events compared to the Relocated Ghost Dam, which is a concrete gravity dam.

Alberta will now move to the next phase of the project. Phase 3 is the engineering and regulatory approval phase, and more information on this work will be shared in 2025.

 

Peak Group names Jeff Kinnaird as CEO

Jeff Kinnaird will become the new president and CEO of Peak Group of Companies, effective October 1. Kinnaird was previously the executive vice-president of merchandising for Home Depot and president of Home Depot Canada.

Peak supplies more than 2,000 Home Deport stores across North America with renovation products.

In his new role, Kinnaird will lead Peak, and work with founder John Gross, who becomes executive chair, to take on the strategic future of the company that got its start in 1998. For Kinnaird, a winner of the Retail Council of Canada’s Distinguished Canadian Retailer of the Year Award, the appointment marks a return to his retailing roots in British Columbia and the company he helped launch 25 years ago.

At The Home Depot, Kinnaird served in progressively senior positions including district manager, regional VP of operations, and VP of merchandising, earning his executive MBA from Queen’s University along the way.

As president of The Home Depot Canada from 2016 to 2020, Kinnaird oversaw the sales and operations of 182 stores and 30,000 associates across the country. In 2020, Kinnaird moved to The Home Depot head office in Atlanta where he was named executive vice president of merchandising, a position he held until 2023.

Peak has experienced tremendous growth during the past 25 years, growing from a company with one product to a supplier of more than 1,000 home renovation and outdoor living products, which are sold exclusively in The Home Depot stores throughout North America, as well as Bunnings in Australia and New Zealand.

“As an exclusive supplier to The Home Depot, we’ve worked with Jeff for many years and are delighted to welcome him as our new president and CEO,” said Gross. “His proven leadership and track record for success, as well as his extensive retail experience will allow Jeff to drive the growth of Peak, further grow our relationship with The Home Depot, and expand to meet the needs of professional and DIY customers.”

 

Accessibility champions feted at BOMEX 2024

Accessibility champions joined the roster of building excellence celebrated last week at BOMEX, the annual conference of the Building Owners and Managers Association (BOMA) of Canada. Inaugural winners of the Rick Hansen Foundation’s Buildings Without Barriers Challenge included a three-way tie in the commitment category, recognizing the company with the greatest number of buildings or development plans that have obtained a rating through Rick Hansen Foundation Accessibility Certification (RHFAC).

Cadillac Fairview Corporation, Choice Properties and GWL Realty Advisors share the 2024 Commitment Award with 13 RHFAC ratings each. Carleton University’s MacOdrum Library is the Innovation Award winner, which recognizes the facility that attains the highest number of innovation points in its RHFAC rating; while the Penticton regional office of the First West Credit Union received the Accessibility Progress Award for achieving the largest gain in points over its previous RHFAC rating.

“We are proud to recognize these organizations for their vision and dedication to becoming industry leaders in accessibility and inclusion,” says Sarah McCarthy, vice president, strategic initiatives, with the Rick Hansen Foundation. “It’s wonderful to see so many well-established developers and organizations go above and beyond to set the bar higher. We hope their leadership will inspire other property owners, managers and municipalities to follow suit.”

Indigenous values key for climate crisis response

Sheila Watt-Cloutier, a renowned Inuk activist and former chair of the Inuit Circumpolar Council (ICC), recently said, “Indigenous knowledge and wisdom is the medicine the world seeks.”

She was speaking during an online event last week, hosted by law firm Gowling WLG, in honour of the National Day for Truth and Reconciliation. Over the years, Watt-Cloutier has influenced the dialogue about Indigenous rights and climate action. She has also been significantly vocal about the impacts of climate change on Arctic communities, while fighting environmental injustice on a global front.

She described how Indigenous peoples, “the ground truthers,” have long experienced changes to the climate. As they rely on a deep partnership with nature, the wellbeing of the earth affects their food sources and teachings.

“The ice is our lifeforce,” she said of the Arctic. “It’s our transportation that takes us out to our environment, not just for our food source, but for the training. Our younger generations learn so much about themselves when they’re out there in nature.”

Greater understanding of the human implications of climate change is shifting the narrative. As she explained, Indigenous youth must grapple with stress from their history and legacy of family systems, but also stressors stemming from the modern world. Such teachings on land and ice not only develop technical skills for becoming providers and natural conservatives, but also build inner resilience.

“The kids that have had that grounding, we’re finding, are more apt to adapt better and address the stressors of the modern day without immediately taking their own lives. There’s that human connection to all of this.

“The technical aspects are about how the world works. But the actual character-building skills, such as the patience, the endurance, the courage, the boldness, the persistence, the focus, the determination and building your sound judgment and wisdom. . . those are about how you work.

“Our youth need to be taught that in order to be able not just to survive the modern-day settings and the legacy that they carry on their shoulders, but also to be able to thrive and become the young people and the champions of the Arctic themselves.”

Watt-Cloutier was instrumental in the global negotiations that led to the 2001 Stockholm Convention banning the generation and use of persistent organic pollutants in the Arctic food chain. While serving as ICC Chair, she launched the first legal action linking climate change to human rights, in the context of the Inuit. In her book, The Right to Be Cold, published in 2015, readers can learn more about her advocacy and the effects of climate change on Inuit communities.

“The narrative has to change from one of just ice and polar bears,” she urges. “When it comes to climate change, of the Arctic, it has to be the human face.”

This past spring, in April 2024, the European Court of Human Rights ruled in favour of more than 2,000 Swiss women, that the Swiss government had violated the human rights of its citizens by failing to do enough to combat climate change. The ruling set a precedent for future climate lawsuits.

During a recent meeting with some of these women, Watt-Cloutier was told that they found her petition quite helpful for their case’s landmark ruling. “We have to start to really build that narrative now, about the human cost of all of this, and we can turn to the Indigenous world for the teachings that the world is so lacking in,” she said.

To “reimagine a way forward with intention” means respecting Indigenous values and principles. “We are not just our traumas,” she said. “We want to be teachers of sustainability because we are natural teachers of sustainability.”

Looking at different ways to explore economic development in the Arctic is also essential, which includes promoting a conservation economy in the North, where the hunters, who are natural conservationists, would be paid to conserve and protect the areas of the Arctic.

Back in 2021, while speaking at the Arctic Development Expo, then ICC President Monica Ell-Kanayuk said, in its early stages, the Inuit vision of a conservation economy was “centered on development that supports communities by providing sustainable jobs based on partnerships that recognize that Inuit continue to be the best stewards of our land and waters.”

“We understand conservation as a way to sustain the resources that we rely on to feed our families, share our food, celebrate our catch and pass on our knowledge,” she said. “This in turn provides spiritual balance, mental and physical well-being, traditional values, medicines, energy, identity, and overall cultural sustainability. The connection between the economy and a healthy environment is, for us, obvious.

“As Inuit have used and occupied the Arctic for 1000’s of years, we assume the responsibility to ensure meaningful and equitable roles for Inuit are built into any conservation efforts. Protected and/or conserved areas developed through a conservation economy approach creates meaningful jobs in Inuit-led research, monitoring, as stewards, for artisans and harvesters.”

To make a difference in the fight against climate change, Sheila Watt-Cloutier noted the inward journey that one must take. “Once you know these issues, don’t be on a mission to save us, because that approach is the root cause of many of the problems we face by stripping away our own wisdom to know what it is that we need to do, and the oppression that happened, the suppression and the traumas we need to heal,” she said.

“Really start to see what it is that you could be doing differently within your own family system, your own city, your own municipality with your own politicians, and so on. That helps us in the Arctic in the long run.”

Something that is crucially missing from international climate negotiations, she finds, is a “heartbeat”, the motivation to make a difference for future generations. We got to feel our way through,” she said. “Not just think our way through.”

She believes that leadership is about working from a principled and ethical place within oneself and champions the importance of inner transformation.

“The revolution that will save the world is ultimately a personal one,” she said. “So, we start with ourselves, and the attitudes that have been ingrained in us through education or through history have to shift and change. If we want to fully reconcile with Indigenous peoples—because I think personal transformation can lead to that human revolution that is so necessary today—the narrative has to change.”