Canada is home to some of real estate’s biggest companies. Brookfield, one of the biggest real estate owners in the world, is based in Toronto. So is Colliers, one of the largest brokerages. Canadian real estate is also a huge part of their economy; by some accounts real estate represents around half of all investment made in the country. Canada also has some really big plans to decarbonize its real estate. Its progressive government has committed $150 billion over the next 12 years to help make its buildings more efficient.
All of this means that there is going to be a lot of investment and innovation in sustainable PropTech. To help highlight the property companies and technologies leading the way in Canada’s sustainability efforts, the North American venture investment firm Venturon has put together its second Sustainable PropTech Canada Report. The authors of the report are Deena Pantalone and Joanna Creed, and while they think that sustainability is important to Canadian property companies, sustainable PropTech will not get adopted unless it is a good investment. “One of the focuses of our report is on how value and values need to align,” Pantalone said, “as much as we all want to stop climate change, money talks and the moral imperative is second.”
The case for the real estate industry to invest in sustainable technology has gotten easier. The fires ravaging much of Canada are a stark reminder of that. So, too, is the increasing amount of rain and snow that Canada has seen
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