Building Retrofits Initiative

We’re thrilled to have been able to partner with the CIB and participate in their Building Retrofits Initiative, an important program in place to benefit both residents as well as the environment through projects that wouldn’t have been financially feasible otherwise. This loan will enable us to proceed with retrofitting approximately one-third of our existing Canadian apartment portfolio, which will significantly reduce its carbon emissions annually. Through the CIB, we’re pleased to be contributing to the achievement of Canada’s climate-change commitments while also making meaningful progress on our own, and we’re excited to continue this vital energy conservation work. CAPREIT remains proud to be a provider of affordable housing for Canadians.

We are excited to announce our collaboration with the Canada Infrastructure Bank (CIB) and Blackstone Energy Services to launch an initiative that offers a practical and affordable solution to large energy users such as universities, hospitals, municipalities, and multi-unit residential properties. This initiative aims to implement deep energy building retrofits that are expected to result in a minimum of 30% emissions reduction. Our collective efforts towards decarbonization are designed to contribute to a greener future for generations to come.