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CIB to provide $70 million financing to CAPREIT to retrofit 60 multi-residential buildings

Approximately 14,000 suites to undergo energy efficient and carbon reduction measuresCanadian Apartment Properties Real Estate Investment Trust to lead large-scale upgrades focused on enhanced.

CIB to provide $70 million financing to CAPREIT to retrofit 60 multi-residential buildings

Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR) to lead large-scale upgrades focused on enhanced energy conservation and carbon reductions.Approximately 60 multi-unit residential buildings

CIB To Provide $70 Million Financing To CAPREIT To Retrofit 60 Multi-Residential Buildings

CIB To Provide $70 Million Financing To CAPREIT To Retrofit 60 Multi-Residential Buildings
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Retrofits and conversions, not new buildings, needed for sustainable future, says expert

ESG and its Impact On Real Estate | Bennett Jones

Environmental. All sectors of the Canadian economy are adopting increasingly sustainable and environmentally-friendly practices to help the transition to a net-zero economy. In particular, as the Government of Canada stated in its Emissions Reduction Plan, Decarbonizing the buildings sector is critical to Canada s pathway to 2030 and 2050.1 In 2019, commercial and residential buildings accounted for 12 percent of Canada s greenhouse gas GHG emissions.2 Clearly, the real estate industry has a pivotal role to play in achieving the federal government s emissions reduction goal by 2030 and achieving net-zero emissions by 2050.

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