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THIS WEEK'S TOP 5 TRENDING STORIES
1. Recreational cannabis use to become legal this fall
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Many condo boards in Ontario are hurrying to ban pot in their buildings before recreational cannabis becomes legal in Canada on Oct. 17. Shawn Pulver, partner at Macdonald Sager Manis LLP, says, in the absence of opposition, passing a rule is a low-risk way to set expectations ahead of the roll-out of federal and provincial laws that will converge to make it permissible to spark up in apartment units and on balconies.
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2. Climate risk serves up shocks and stressors
Risk management based solely on insurance coverage is a bad gamble in an era when resiliency specialists warn “water is the new fire”. Speaking at a special breakfast event in conjunction with CaGBC's annual national conference in Toronto, they categorized measures to avoid or minimize flood damage and prepare for long-term power outages among the most cost-effective design decisions and capital investments that building owners/managers can make. Read More »
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3. Starlight and Blackstone form joint Canadian venture
Starlight Investments and an affiliate of Blackstone Property Partners announced they have formed a joint venture to acquire a portfolio of six multifamily buildings comprised of 746 units. The portfolio is a mix of high- and low-rise concrete buildings strategically located in the urban cores of Montreal and Toronto, both markets that continue to benefit from strong employment and solid population growth.  Read More »
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4. Canada’s TOBYs reflect broad based excellence
Canadian properties captured nearly a third of The Outstanding Building of the Year (TOBY) awards handed out earlier this week at the Building Owners and Managers Association (BOMA) International annual conference and expo in San Antonio, Texas. Read More »
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5. Quebec urges energy retrofits and fuel switching
Conservation is the top priority in Quebec’s recently unveiled plan to reduce province-wide energy consumption, increase low-carbon supply and embrace technologies like electricity storage and smart grid applications. Read More »
 
 
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