A temporary adjustment to Ontario’s electricity pricing scheme eliminates cost-saving opportunities that many operators of large commercial buildings were anticipating this summer. Instead, an estimated 90 per cent of customers eligible to participate in the Industrial Conservation Initiative (ICI) will be locked into the formula that currently dictates their share of the global adjustment (GA) for an extra year, and will not realize the benefits of any recent investments they’ve made to manage peak energy demand until at least July 2022.
Now is the time to invest in deep energy retrofits
The benefits of investing in deep energy retrofits have been touted by building experts for years. Yet still, here we are heading into the second half of 2020 and not everyone has been quick on the uptake. » READ MORE
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Toronto to refine investment decision process
United Nations sustainable development goals will be formally factored into Toronto’s investment decision-making. Another update to the City’s investment policy adjusts parameters for allocations to real assets.»READ MORE
IN CASE YOU MISSED IT: Retail landlords absorb and counter economic hit
Retail landlords anticipate social distancing protocols will pose a challenge as stores and malls reopen following lengthy COVID-19-triggered shutdowns. Recovery from the sudden and dramatic economic hit could be an even longer term and more daunting prospect. Recently released results of a wide-ranging survey conducted by Altus Group reveal many major Canadian commercial real estate players are braced for the erosion of consumer confidence, tenant solvency and their own investment returns.»READ MORE