Precedent-setting law imposes penalties on high polluters as of 2026
In the wake of B.C.’s record-setting flood, forest fires and heat dome of 2021, the City of Vancouver became the first Canadian jurisdiction to enforce limits on building emissions, with hefty fines for owners whose buildings surpass them.Golden Properties' heat recovery chiller at 1177 W Hastings St. captures and reuses waste heat generated from the building’s mechanical systems.set in five U.S.
The fee for the fine is on par with New York’s – where one of its oldest commercial and residential real estate developers, Durst Organization,But Mr. Lang predicts “no one [in Vancouver] will have to pay the fine. Only the worst performing 25 percentile – or 50 buildings – will be over the 2026 limit, and only by less than 10 per cent.”
That’s because anything the city can do now “to catalyze action” will prepare owners for the bylaw’s far more severe second phase, he adds.Alex Lau, vice-president of Golden Properties Ltd. Mr. Lang says building owners should plan for investments of $500,000 to $3-million to install electric systems – such as electric hot water tanks and heat pumps for both
A member of the board of the Building Owners and Managers Association of BC , Ms. Tummonds says awareness of bylaw has been “amplified, so I should hope everyone is ready for it. But there’s a full spectrum of landlords. Some will need a lot of help.” Yet the project continues. “My goal is to reach zero carbon,” says Alex Lau, vice-president of Golden Properties Ltd.“The building industry has been driving all this time without a speedometer,” he says.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Landlords to challenge new rental bylawHundreds over property owners are taking the City to court over its new residential rental licencing bylaw. Sijia Liu explains.
اقرأ أكثر »
Norman Rothery: Portfolios for dividend and value investors to watchUpdates to several popular portfolios
اقرأ أكثر »
Weekend Posted: UCP weighs mandatory addictions treatmentPlus, Lord Black becomes Canadian again, AI teaches manners and singleness comes with divine value
اقرأ أكثر »
Weekend Posted: UCP weighs mandatory addictions treatmentPlus, Lord Black becomes Canadian again, AI teaches manners and singleness comes with divine value
اقرأ أكثر »
SEX FILES: How Canadians feel about dating and parenthoodWhen people ask me why I don’t have children, my go\u002Dto response is that I value my independence.
اقرأ أكثر »
The skills that will get you a job in 2023 – and beyondRise of digital commerce, rapid advancement of artificial intelligence and the country’s aging population are having a profound impact on the skills Canadian employers value
اقرأ أكثر »