(Under construction)
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 the CIB’s 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.
Learn more
Disclaimer: Canada Infrastructure Bank, in its sole and absolute discretion, may choose to make available amendments, revisions, modifications or replacements to this website. This page will remain open for further revision, modification, replacement or cancellation by Canada Infrastructure Bank at any time and in no event shall Canada Infrastructure Bank be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content of this website. Pictures courtesy of Avenue Living.
