The Canada Green Building Council (CaGBC) has announced the first building certified under their new Zero Carbon standard. It’s an office building in Waterloo, Ontario, built by the Cora Group and designed by Stantec.
It is described as being “just steps from a new light rail line,” and designed for a millennial workforce. With features like a solar wall for preheated ventilation, it’s considered very eco-friendly. Other designers recognize the importance of pursuing the highest environmental standards.
Millennials Buying More Homes
Young people are buying homes more than ever, and builders and developers need to make sure they’re including features in their projects that millennials want. Millennials are the largest block of home buyers in the United States, accounting for 42 percent of home sales over a 12-month span, and they’re buying up property in other parts of the world too. As a result, developers are working on projects that appeal to these tech-minded millennials, and changing the landscape of building design and development. Read the full story here.
Edmonton’s Tallest Building Celebrated
The 54-story JW Marriott hotel-Legends condominium tower is now the tallest building in Edmonton, Canada — for now. The Stantec Tower next door will actually be Canada’s tallest building west of Toronto when construction finishes this fall, and both projects prove there are some exciting Canadian building developments transforming the skylines of the country’s great cities. This project is just the latest in an extended attempt to revitalize downtown Edmonton. Read the full story here.
New Developments In Toronto
Two new joint ventures have been formed to build about 2,200 apartments in Toronto. And 30 percent of them will be designated as affordable housing, which is great news in a city that is in desperate need of such development. Dream Unlimited Corp., Dream Hard Asset Alternatives Trust, Kilmer, and Tricon Capital Group Inc. will develop and manage one rental apartment community of around 1,500 units in Toronto’s West Don Lands, and the second development involves Canadian Real Estate Investment Trust and Greenwin Inc. working together on a 700-unit project.