January 15, 2020

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January 15, 2020

Association News

Win a local award and compete nationally at BOMEX this fall

After this year's Awards Gala in May, the next opportunity to win an award won't be until 2022! Another benefit of winning an award in 2020 is that if you choose to compete nationally, the gala is taking place here in Vancouver at BOMEX this September.

View the list of award categories and download entry forms.

Entry Deadline: Friday, March 6
BOMA BC Awards Gala: Thursday, May 21
BOMA Canada Awards Gala: Thursday, September 24

Fire Prevention Training

Candle use increases during the winter months and is a cause of home fires and home fire deaths. In the USA fire departments respond to an estimated 11,640 homes structure fires that were started by candles which caused 126 deaths, 953 injuries and $438 million in direct property damage. Keep your occupants educated and safe.

Download this free resource ready for circulation here. FireWise Consulting...education that saves lives.

Regulatory News

REMINDER: Register your cooling towers and decorative water features with the City of Vancouver

As of January 1, 2020, the City of Vancouver requires a building’s water systems to have an operating permit and be registered with the City. The goal of the operating permit system is to help protect public safety by ensuring building water systems are registered.

Events & Education

Limited space available for Ski Day

Two coaches are nearly full for the day trip to Whistler. If you are on the waitlist, fast-track your registration by letting us know that you are bringing a real estate member.

Contact Jocelyn at BOMA for more information at 604-684-3916.

Learn more and register here.

Commercial content at BUILDEX Vancouver

BUILDEX has a lot to offer but we'd like to highlight the following sessions that were designed specifically for commercial property managers:

How to Plan for A Crisis at Your Property (W02)
Examining the 609 Granville Façade Revitalization Project (W12)
Improving Talent Attraction and Retention in Commercial and Residential Property Management (W32)
How to Engage and Retain Your B & C Class Tenants (T06)

Visit the BUILDEX website to register

Rebates help save money, energy and emissions

Whether you’re replacing old heating equipment or are planning to develop or renovate a building to meet new energy performance standards, FortisBC has rebates on high-efficiency boilers and water heaters as well as custom incentives for optimizing building controls. If your properties include apartment buildings, you can also get water-saving upgrades and an energy assessment at no cost from the rental apartment efficiency program.

Find FortisBC rebates for your building at fortisbc.com/businessrebates

Curtis Personalized Health Management ltd

Event Calendar

24
Jan 2020

Victoria Chapter Member Appreciation & Networking

Free event for Victoria Chapter members and a guest.

5
Feb 2020

QBT Session: Premise Plumbing in Vancouver Buildings

12
Feb 2020

BOMA February Luncheon: Economic Update

BOMA BC and PAMA are joining forces on this event.

25
Feb 2020

Introduction to Recommissioning workshop

Gain a practical approach to EBCx, with a specific focus on the elements of a robust investigation.

26
Feb 2020

TNP Event: Stuck to On

Featuring professional speaker Steve J. Thomas.

6
Mar 2020

BOMA Ski Day

Two coaches will take 90 people to Whistler for an unforgettable day of skiing, snowboarding and socializing.

16
Apr 2020

BOMA April Luncheon & AGM

Set aside 11am to 11:30am to attend the Annual General Meeting prior to the luncheon. Details to come.

21
May 2020

BOMA BC Awards Gala

Come out to support your colleagues and network at this well-attended event. Save the date!

16
Jul 2020

BOMA Boat Cruise

Keep an eye out for registration in May as this event sells out quickly.

20
Aug 2020

BOMA Golf Classic

We're back at Northview's two courses for this double shotgun, Texas Scramble tourney.

22
Sep 2020

BOMEX Vancouver

BOMA Canada's national conference and tradeshow is coming to town! Venue details and sponsorship/exhibitor info is posted online.

Would it be helpful to see your building’s energy usage at a glance? At little or no cost to you, Trane can provide a snapshot and analysis of your building’s energy profile, and outline action plans and recommendations for improvement. With just one year of energy data, Trane professionals will provide you with insights into cost savings and sustainability. Why? Because if you can see a problem, you can change it.

Learn more...

National News

Be a speaker at BOMA Canada's national conference

BOMEX is where real estate leaders come to be inspired. The education sessions provide leading edge information and solutions on sustainability, resiliency, building a great team and emerging technologies.

The deadline to put in a proposal to be a speaker at BOMEX Vancouver is January 31.

Learn more about presenting at BOMEX here.

Around the Industry

Looking ahead, and back: B.C.’s top 2019 CRE transactions

Source: Real Estate News EXchange
After several record-breaking years, British Columbia’s commercial real estate investment cooled down in 2019. Some local industry experts believe 2020 will see that trend continue.

Metro Vancouver CRE outlook 2020: a forecast summary

Source: Western Investor
Industry insiders and organizations share their predictions for commercial real estate in Metro Vancouver in 2020.

Using commercial real estate for the social good

Source: The Globe and Mail
The Network Hub is not only one of Canada’s oldest co-working spaces, but it is now also a place that helps the greater community. “Commercial space is what grounds community,” Minna Van, co-founder, told the Globe and Mail. “It’s what grounds culture and the arts – it’s where creativity and innovation happens. Where else would people convene?”

Cannabis fails to deliver anticipated real estate buzz

Source: Western Investor
The cannabis sector was expected to significantly impact the real estate market, but it has failed to live up to the CRE industry’s expectations.

Retail's strength ripples upon the economy and the commercial market

Source: MortgageBrokerNews.ca
According to Statistics Canada, the country’s GDP fell by .01% in October. While it sounds minimal, the drop is still having an effect on Canada’s commercial real estate industry.

Metro Vancouver commercial real estate's 10-year bull run faces rare red flags

Source: Western Investor
As B.C.’s economy slows and costs continue to soar, future development and investments may be threatened.