Energy efficient retrofits towards multi-unit residential buildings
Fast facts
Our investment with Avenue Living, an owner and operator of properties primarily in western Canada’s prairie provinces, will enable retrofits at approximately 95 properties representing 240 buildings. The buildings are predominantly low-rise, walk-up style, multi-family rental apartment buildings.
Avenue Living is committed to reducing greenhouse gas emissions and improving resident experiences by implementing energy efficiency measures, focusing on mechanical and electrical upgrades, new windows and doors, roof insulation and rooftop solar.
Our Building Retrofits Initiative provides upfront financing of building retrofits to create jobs, long-term energy savings and a low-carbon future.
Benefits of CIB Involvement
Our team works with large private sector real estate owners and retrofit aggregators on customized plans to modernize and improve the energy efficiency of existing buildings.
Our investment will help finance a portion of the upfront capital costs of the retrofits. Once the repayment is complete, Avenue Living will benefit from 100% of the long-term savings achieved through the retrofits.
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