The latest issue of BOMA Edmonton Industry Insights & News: August 30, 2024

PERFORM BETTER WITH?BOMA

BOMA Edmonton is a leading commercial real estate association that helps members reach their performance goals. High-performing buildings, people, and portfolios are essential to your success, and we help make that happen.

• Canderel Group announced a new construction project with the YMCA of Northern Alberta in West Edmonton Mall, which will include facilities like classrooms, kitchens, and counseling rooms to support the Kickstand youth wellness program. ?
• Melcor Developments announced the opening of Obj3cts, a modern coffee shop located in the historic Birks Building at 10356 Jasper Avenue. Obj3cts offers a mix of coffee, baked goods by Wild Rose Cakes, cut flowers, and curated housewares and gifts. ?
• ZerOne is opening a new centre for hockey performance and sports medicine at West Edmonton Mall. The 26,000-square-foot space will host Hockeyology, which will be an athletic performance centre focused on student hockey players, as well as Athleticare, a clinic that will offer medical and wellness services for young athletes.

Safe Communities and Vibrant Economies

• MONITOR: City of Edmonton Traffic Disruption Map. ?Review the map of current and planned traffic disruptions happening around Edmonton. See map here ?
• The Edmonton Police Service reported an 11% decrease in the city's crime rate for 2023, despite a national increase. ?
• Dave Young of CBRE said the city's commercial real estate market maintained momentum in the last quarter, especially downtown, in part thanks to the return of a farmers' market and the Edmonton Oilers Stanley Cup run

Fair and Equitable Taxation, Regulation and Policies

• Curious about Government Roles and Responsibilities? Have a look at what the City of Spruce Grove created.?Read more ?
• APPLY: City of Edmonton Solar Rebate Program for Multi-Unit Residential Properties. The City of Edmonton is helping Edmontonians install solar systems on their multi-unit residential properties to produce renewable energy. Learn more ?
• 'Difficult decisions': Edmonton finances strained as city mulls further tax increases or service cuts. Property taxes could go up as high as 13% in 2025. Read more

Building Excellence (Sustainable, Smart, Healthy)

• HOW-TO: BOMA BEST How-To Manual. BOMA BEST provides owners and managers with a consistent framework for assessing and reporting on the sustainable performance and management of existing buildings of all types and sizes. This comprehensive guide will help you get your building or portfolio BOMA BEST certified. Learn more ?
• HAVE YOUR SAY: Emissions Reduction Alberta (ERA) is conducting a Strategic Energy Management for Industry Program Survey. Take the survey.

Diversified and Educated Talent

• May Cuan with Omada Commercial and Alison Hansen-Carlson with Avison Young, both members of Edmonton CREW (a group that focuses on women in commercial real estate), worked with other CREW members across Canada to launch a new McDonald's restaurant in less than one year, a post celebrated.

Featured Event: Luncheon - Let’s Talk Taxes 2025!?

September 17, 2024, 11:30 AM to 1:30 PM | Chateau Lacombe Hotel

In April 2024, City Council approved an 8.9 percent increase in municipal taxes, the highest increase in more than a decade, and everyone – businesses, owners, City Councillors, and Administration alike, seemed disappointed. Nonetheless, headlines in August 2024 indicate that we could see an 8.8 to 13 per cent increase in 2025 as the city faces a current $88 million shortfall.

So, what’s going on and can we do? Budget cuts, getting back to core services, leveraging dollars from other governments, and other revenue streams are being discussed as strategies to mitigate another tax increase.

BOMA Edmonton and NAIOP Edmonton are pleased to present a session for building owners and others interested in digging deeper into taxation and assessment in Edmonton in 2025. First, an animated group of panelists will delve into what’s working, what isn’t working, and how to move forward. Second, all luncheon attendees are invited to have their say on what they think the City should cut and prioritize in the upcoming budget.

You’ll leave better informed and with a sense of what’s being done and can be done to improve balance, fairness, and transparency when it comes to our tax bills as building owners and tenants. You’ll also help shape our feedback to the City in this upcoming budget cycle.?

?Featured Education Session: Summary Overview of Changes to the Fire Code?

September 11, 2024, 12:00 PM to 1:00 PM | Online Webinar

Join us for an informative online webinar where we will discuss the key changes to the newNational Fire Code of Canada – 2023 Alberta Edition, which took effect on May 1, 2024. This session will provide a comprehensive summary of the most significant updates and their implications, helping building owners and managers stay informed and compliant with the latest regulations.

Don't miss this opportunity to gain valuable information and insights into the latest fire safety standards.

Our job board features positions available from BOMA Edmonton members. If you are looking for a new opportunity, check out the exciting openings.

RECENTLY POSTED

• VP, Shared Services, Applied Pharmaceutical Innovation
• Manager, Benefits and Wellbeing, University of Alberta
• Marketing Generalist,?Royal Park Realty
• Facilities Supervisor, Agilus

BOMA BEST 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.

Congratulations on these recent certification earners.

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