Forward | Unsubscribe | Sign Up | Archives September 2, 2016
1. Real estate status upgrade heralds new investors
Real estate is taking on enhanced status as a stand-alone sector in the Global Industry Classification Standard (GICS) used to enable consistent analysis of performance in the equity market. The reclassification from an industry group within the financials sector formally occurs on September 1, and will also introduce a new term for real estate investment trusts (REITs), which will become known as Equity REITs.
2. New education requirements for new builders
New builders that plan to construct freehold homes and low-rise condominiums in Ontario must now meet certain education requirements, in addition to existing requirements, to register with Tarion.
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3. Royal Alberta Museum set to open in 2017
Construction on the exterior of the new Royal Alberta Museum is complete, bringing the facility one step closer to opening.
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4. Thermal metering crosses the pond
The sub-metering industry is poised for continued growth when it comes to both new builds and retrofits. Condo developers and property managers can expect more innovation from the industry in the sub-metering of other utilities, including water, gas, and thermal.
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5. Execs find open-concept offices inspire: survey
A new survey from The Creative Group reveals that managers and employees disagree on the best office layout to encourage innovative ideas.
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