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June 13, 2023 | ||||||||||||||||||||||||||||
Association News
Discover the powerful synergy of the Internet of Things and AI, unlocking new opportunities, enhancing efficiency, and providing actionable insights through connected devices. Learn about advanced 3D imaging and virtual tour technology for streamlined assessments, documentation and emergency mitigation. Uncover the significant advancements in electrical technology that have improved sustainability, reduced costs, and enhanced occupant safety and comfort.
Gain valuable insights from industry leaders and stay ahead of the curve in the rapidly evolving world of PropTech! Wednesday, June 28th, 2023, 11:30 AM - 1:30 PM PDT 250 Howe Street, Vancouver, BC BOMA is launching a mentorship program that establishes a structured framework, connecting experienced mentors with enthusiastic mentees. This initiative aims to cultivate a dynamic ecosystem of knowledge-sharing and personal development.
Facilitated by Change My Life Coaching CEO, Kyle Kalloo (pictured above), the program includes four in-person sessions.
For more information and to learn about our Mentorship Program sponsorship opportunities, contact Kiomi Lutz at kiomi@boma.bc.ca Just a friendly reminder that registration is open for our most shell-ebrated event of the year! Next month, we'll board the Magic Spirit for a tropical tour of Vancouver Harbour — don't be left stranded on shore!
Thursday, July 13th, 2023, 1:30 PM - 6 PM PDT
Boarding & embarking at Westin Bayshore Marina
1601 Bayshore Drive, Vancouver, BC BOMA Canada, the national organization advancing the interests of the 11 BOMA local associations in Canada, is looking for a new Board Director from British Columbia. If you are a BOMA BC member in good standing and are interested, find out more below!
This August, 288 members will tee off at Northview Golf & Country Club for a 19-hole Shotgun Texas Scramble!
On June 19th/23, keep your eyes peeled for the BOMA Golf Classic eBlast and ensure you're registered for the lottery draw to play! We had several new members join the Association in May. Please join us in welcoming them to BOMA BC!
Did you know that BOMA is hosting BOMEX next year in Vancouver? It's true—Mark your calendars for September 23 – 25, 2024 at Parq Vancouver (Sponsorship opportunities will be available)
Until then, make sure you're registered for BOMEX 2023 in Edmonton this fall, September 26 – 28! Their phenomenal lineup of events, speakers and sessions are filling up quickly — visit the BOMEX website to reserve your seat(s)!
GDI recently released its second annual ESG report further enhancing its commitment to ESG initiatives and progress on its objectives and targets. GDI has already reached several of these targets, including establishing two committees, one focused on Safety & Health and the other on Diversity & Inclusion, as well as maintaining a Total Recordable Incident Rate (TRIR) well below the average NAICS TRIR Rate of 20%.
Additionally, GDI has already reached its target of increasing the diversity of its Board of Directors to at least 25% before the end of 2024. Included in the 2022 ESG report are progressions in meeting Diversity, Equity & Inclusion targets and activities, including increasing women in management roles and technical positions, partnering with diverse suppliers, and participating in 3rd party diversity-oriented organizations to increase access for underserved communities and championing the growth of minority-owned businesses.
Looking to 2023, GDI will continue to develop, refine, monitor, and adjust ESG strategies to meet its stakeholder needs and drive enhanced safety and innovation.
Government Affairs
Zach Segal, Director of Government Relations, presented industry priorities to BC's Standing Committee on Finance, focusing on revitalizing city centers to boost the local economy by attracting businesses and workers. The discussion also highlighted the need for partnership between the industry and the Province to address challenges such as decarbonizing existing buildings and labour shortages.
Effective January 1, 2024, the City of Vancouver will discontinue the option of partial permit fee refunds for Certified Professional (CP) projects, except for those that had a successful Intake by December 31, 2023. This change is due to the program's established status. Feedback on this planned change is encouraged and should be submitted by July 14, 2023.
Events & Education
Street-level crime in BC has surged, causing safety concerns, violence, and strain on communities. Solutions include enhanced law enforcement, partnerships, support services, and deploying security companies to alleviate the burden on resources.
Good to Know
Source: REMI Network/Canadian Facility Management & Design
Increasing material costs have made office fit-outs more expensive, but some of these costs are mitigated by fit-outs encompassing smaller areas. Source: REMI Network/Canadian Property Management
Trophy office tower vacancy rates will continue to shrink while those on the lower end of the market will likely see increasing rates as companies focus on the quality of space. Event Calendar
National News
Source: Real Estate News Exchange
Even as Canada’s industrial sector sees record high rents and low vacancy rates, land sales have begun to slow due to high interest rates and inflation. Source: Daily Commercial News
Canada Green Building Council President Thomas Mueller stated that he is optimistic regarding the state of green building and decarbonization in Canada. Around the Industry
BOMA BEST 4.0 is a series of programs that are both certifications and building management tools. They encourage smart and sustainable solutions for existing buildings, promoting health, efficiency, cost-effectiveness, and low-carbon performance. Its certification represents a globally recognized symbol of sustainability achievement and is driving change.
Learn more about BOMA BEST below. Source: Daily Hive/Urbanized
The City of Burnaby revealed three potential options for its City Hall campus’ relocation to the Metrotown district. Source: REMI Network/Canadian Property Management
A survey of Canadian real estate valuation staff found that they expect a further 5 to 15 per cent decline in real estate values. |
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