CANADIAN APARTMENT MAGAZINE

CanadianApartmentMay2018

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Whether it’s breaking industry news, or in-depth analysis of important market data, our readers rely on us to deliver timely coverage they can count on for accuracy and quality.

ErinreducedErin Ruddy, Editor - Canadian Apartment Magazine

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Group Publisher: Sean Foley
416-512-8186 ext. 225
seanf@mediaedge.ca

Climate volatility, energy costs and a growing backlog of required capital expenditure are projected to drive real estate investment decisions in the near and long term.

Prolonged and costly power outages rank high among the severe weather risks that Canadians increasingly face. Precarious energy distribution systems, deferred maintenance and communication breakdowns have sometimes exacerbated the turmoil of events like the Alberta floods and southern Ontario ice storm of 2013.

Commercial real estate operators have a steadily accumulating inventory of lessons learned from extreme weather events, providing both motivation and insight to prepare for more climate volatility in the future.

Fire and flood created an ominous backdrop for real estate investment in the spring and summer of 2017 as natural calamities engulfed or inundated billions of dollars worth of property in North America and beyond.

Historical climate data is losing relevance in Canada’s model national building, energy, fire and plumbing codes as severe storms, drought and intense heat waves become more frequent.

Ontario-based participants in the Western Climate Initiative were locked out of their carbon trading accounts immediately after the new Ontario government revoked the provincial cap and trade regulation July 3.

Small and medium sized businesses in Ontario, Saskatchewan, Manitoba and New Brunswick have been promised about $155 million to cushion the initial shock of fuel surcharges when the first phase of the four-year incremental rollout of carbon pricing begins next spring.