Moving Forward
Priority Recommendations for Urgent
Action
Governments, utilities, the appraisal community, financials institutions and the industry must collaborate to decarbonize Canada’s commercial buildings. This report provides ten recommendations on how to do so.
Considering current fiscal and political constraints, it is important to prioritize and identify the most impactful recommendations (and sub-actions) from the report required in the short term.
While all recommendations in the report will support the pathway to decarbonization, the following are prioritized as immediate initial steps due to their critical impact.
The Canadian commercial real estate industry should advance:
VALUATION
- 04
Recognize decarbonization investments in property valuations.
PEOPLE
- 07
Increase decarbonization leadership, knowledge, and skills across the industry.
Data
- 09
Ensure building owners and investors have access to whole building data.
The Federal Government should advance:
Technology
- 01
Increase incentives and knowledge sharing around decarbonization technologies.
PEOPLE
- 07
Increase decarbonization leadership, knowledge, and skills across the industry.
Data
- 09
Ensure building owners and investors have access to whole building data.
Provincial/Territorial Governments should advance:
CAPITAL
- 03
Provide tax relief and incentives for low and net zerocarbon buildings.
ENERGY
- 05
Grow capacity and conservation across electricity systems and continue to decarbonize existing electricity generation infrastructure.
Data
- 09
Ensure building owners and investors have access to whole building data.
REALPAC, CAGBC, and the PLACE Centre at the Smart Prosperity Institute look forward to working with federal and provincial/territorial governments, utilities, and all industry stakeholders to drive decarbonization for the commercial real estate industry.