Rising awareness of ESG (Environmental, Social, Governance) concerns, and the expectations of businesses to address them and take meaningful action, became stronger than ever during the past year. According to PwC’s 2021 Consumer Intelligence Series survey on ESG, 83% of consumers think companies should be actively shaping ESG best practices, and 86% of employees prefer to support or work for companies that care about the same issues they do.1
Businesses are responding with the creation of comprehensive ESG plans that outline both their current and forward-looking strategies regarding various ESG factors. These can include carbon emissions reduction, staff-led social/charitable initiatives, diversity and inclusion, customer influence and outreach, and many more.
Using 2021 as a launchpad for ESG planning
Some companies have been consistently recognized for their ESG efforts long before the term “ESG” took the spotlight. Many of these companies are using the current environment as an opportunity to further enhance their positive impact and align their ESG strategy with widely recognized frameworks such as the United Nations’ 17 Sustainable Development Goals.
Skyline Group of Companies is one such entity. Its first environmental plan, coined “Recognizing Our Responsibility,” was launched in 2006. Since then, and up until 2021, Skyline had been integrating various additional ESG initiatives within its operations each year, but without any overarching formal strategy. That changed in 2021 when Skyline launched its inaugural Sustainability Plan, defining its key objectives within each ESG category.
“We used 2021 as a launchpad to officially set our standards and benchmarks for sustainability—a term we use at Skyline to encompass environmental, social, and governance,” said R. Jason Ashdown, Co-Founder & Chief Sustainability Officer, Skyline Group of Companies.
“We’re holding ourselves accountable to measure our progress and report on our success at year-end, so we can hit the ground running for 2022 and beyond.”
Effecting positive change at properties across Canada
With more than $5.4 billion in assets under management, and a presence in more than 150 Canadian communities, Skyline acquires, manages, and develops real estate properties across apartment, industrial commercial, and retail asset classes.
“We have a responsibility to enrich each of the communities in which we operate,” said Ashdown.
“We do this through creating environmental efficiencies at the properties, and also by investing in these communities and partnering with community organizations. As a result, we’re making a positive difference not only for our residential and commercial-retail tenants, but for those who live in the broader community.”
A year of environmental, social, and governance initiatives
In 2021, Skyline launched, or continued to facilitate, a wide range of ESG practices at its properties across Canada. These include:
– Donating 13,000 square feet of retail space to be used as a Community Hub for non-profit organizations that provide mental health services to youth and families
– Donating $1 million in land for the development of Permanent Supportive Housing that will provide homes and support services to 32 people
– Installing more than 60 EV Charging stations and being awarded a grant to install an additional 852 EV charging stations at its residential properties in 2022
– Installing 55 solar energy-producing rooftop systems at its properties
– Launching an e-waste recycling project across the residential portfolio (completion Q2 2022), allowing tenants to ethically dispose of their e-waste and metals and properly divert them from landfills, free of charge
– Launching a pilot project to install smart heat-regulation technology at its residential properties
– Participating in an innovative pilot to divert organic waste cost-effectively from residential properties
– Assisting residential tenants through an in-house program, R.I.S.E. (Reach, Impact, Support, Elevate), accessible to any tenant who has fallen on hard times and needs help with resource outreach or financial support to get back on their feet
– Enacting a multi-year plan for the installation of additional rooftop beehives and community gardens at its properties
A positive influence on company customers and stakeholders
In its 2021 Sustainability plan, Skyline defined its “sustainability partners”—all of the different audiences that interact with the business: staff, tenants, investors, business partners, and the greater community. In fact, as part of planning its 2021 Sustainability efforts, Skyline conducted a materiality assessment with its trustees, business partners, community partners, staff, and tenants, to understand what ESG initiatives were most important to them.
Skyline aims to empower its sustainability partners by inviting them to participate in multiple social and environmental initiatives throughout the year. For example:
– In April 2021, Skyline asked its 34,000+ residential tenants to participate in an Earth Hour Challenge that encouraged each tenant to join as a community and turn off all power.
– Skyline’s Annual Charity Golf Classic event invited staff, investors, Trustees, and business partners to come together and raise funds for five organizations fighting homelessness and mental health challenges across Canada. Skyline also launched a “Driving Positive Change” video campaign, comprising professionally produced videos focusing on each of these charities. Between the event and the video campaign, Skyline and its sustainability partners raised $175,000.
– In Fall 2021, Skyline partnered with Tree Canada, resulting in an initial investment of $30,000 and four fall tree-planting events for staff. This resulted in 665 tree seedlings being planted across Canada.
“We tap into our human resources as much as our dollars,” added Ashdown.
“We have a bounty of talented people and resources ranging from IT, to HR, to Construction, to Legal, and so many more. If a non-profit or community organization needs advice or service, and we have the capabilities, we enthusiastically lend our expertise.”
Rewards of ESG practices: beyond just recognition
Skyline was recently the proud recipient of two prestigious awards for 2021 from the Federation of Rental Housing Providers of Ontario: Environmental Excellence (awarded to Skyline Group of Companies) and Impact (awarded to Skyline Living for its R.I.S.E. program).
Although industry recognition provides Skyline and its staff with incredible validation for their ESG efforts, the benefits of integrating ESG practices into Skyline’s business model extend far beyond accolades alone.
“ESG is important to our Trustees, staff, investors, tenants, and business partners,” said Ashdown.
“It is now a major factor in determining whether someone wants to work for us, invest with us, rent with us, or do business with us. It’s our job to ensure sustainability is integrated across all facets of Skyline, and that we are setting the benchmark in our industry for taking the most meaningful measures possible.”
About Skyline Group of Companies
Skyline Group of Companies is a fully integrated asset acquisition, management, development, and investment entity.
It is comprised of companies that provide services in real estate management and development, as well as clean energy management and development.
As at November 30, 2021, Skyline manages more than $6.9 billion across its real estate and clean energy platforms.
With more than 1,000 employees across Canada, Skyline works to provide safe, clean, and comfortable places for tenants to call home, great places to do business, sustainable solutions for a greener future, and an engaging experience for its investors.
MONTREAL – Two Quebec real estate brokers are facing fines and years-long suspensions for submitting bogus offers on homes to drive up prices during the COVID-19 pandemic.
Christine Girouard has been suspended for 14 years and her business partner, Jonathan Dauphinais-Fortin, has been suspended for nine years after Quebec’s authority of real estate brokerage found they used fake bids to get buyers to raise their offers.
Girouard is a well-known broker who previously starred on a Quebec reality show that follows top real estate agents in the province.
She is facing a fine of $50,000, while Dauphinais-Fortin has been fined $10,000.
The two brokers were suspended in May 2023 after La Presse published an article about their practices.
One buyer ended up paying $40,000 more than his initial offer in 2022 after Girouard and Dauphinais-Fortin concocted a second bid on the house he wanted to buy.
This report by The Canadian Press was first published Sept. 11, 2024.
MONTREAL – The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 9.3 per cent in August compared with the same month last year, with levels slightly higher than the historical average for this time of year.
The association says home sales in the region totalled 2,991 for the month, up from 2,737 in August 2023.
The median price for all housing types was up year-over-year, led by a six per cent increase for the price of a plex at $763,000 last month.
The median price for a single-family home rose 5.2 per cent to $590,000 and the median price for a condominium rose 4.4 per cent to $407,100.
QPAREB market analysis director Charles Brant says the strength of the Montreal resale market contrasts with declines in many other Canadian cities struggling with higher levels of household debt, lower savings and diminishing purchasing power.
Active listings for August jumped 18 per cent compared with a year earlier to 17,200, while new listings rose 1.7 per cent to 4,840.
This report by The Canadian Press was first published Sept. 6, 2024.
In the quest to find cities where renters can enjoy the best of all worlds, a recent study analyzed 24 metrics across three key categories—Housing & Economy, Quality of Life, and Community. The study ranked the 100 largest cities in Canada to determine which ones offer the most to their renters.
Here are the top 10 cities that emerged as the best for renters in 2024:
St. John’s, NL
St. John’s, Newfoundland and Labrador, stand out as the top city for renters in Canada for 2024. Known for its vibrant cultural scene, stunning natural beauty, and welcoming community, St. John’s offers an exceptional quality of life. The city boasts affordable housing, a robust economy, and low unemployment rates, making it an attractive option for those seeking a balanced and enriching living experience. Its rich history, picturesque harbour, and dynamic arts scene further enhance its appeal, ensuring that renters can enjoy both comfort and excitement in this charming coastal city.
Sherbrooke, QC
Sherbrooke, Quebec, emerges as a leading city for renters in Canada for 2024, offering a blend of affordability and quality of life. Nestled in the heart of the Eastern Townships, Sherbrooke is known for its picturesque landscapes, vibrant cultural scene, and strong community spirit. The city provides affordable rental options, low living costs, and a thriving local economy, making it an ideal destination for those seeking both comfort and economic stability. With its rich history, numerous parks, and dynamic arts and education sectors, Sherbrooke presents an inviting environment for renters looking for a well-rounded lifestyle.
Québec City, QC
Québec City, the capital of Quebec, stands out as a premier destination for renters in Canada for 2024. Known for its rich history, stunning architecture, and vibrant cultural heritage, this city offers an exceptional quality of life. Renters benefit from affordable housing, excellent public services, and a robust economy. The city’s charming streets, historic sites, and diverse culinary scene provide a unique living experience. With top-notch education institutions, numerous parks, and a strong sense of community, Québec City is an ideal choice for those seeking a dynamic and fulfilling lifestyle.
Trois-Rivières, QC
Trois-Rivières, nestled between Montreal and Quebec City, emerges as a top choice for renters in Canada. This historic city, known for its picturesque riverside views and rich cultural scene, offers an appealing blend of affordability and quality of life. Renters in Trois-Rivières enjoy reasonable housing costs, a low unemployment rate, and a vibrant community atmosphere. The city’s well-preserved historic sites, bustling arts community, and excellent educational institutions make it an attractive destination for those seeking a balanced and enriching lifestyle.
Saguenay, QC
Saguenay, located in the stunning Saguenay–Lac-Saint-Jean region of Quebec, is a prime destination for renters seeking affordable living amidst breathtaking natural beauty. Known for its picturesque fjords and vibrant cultural scene, Saguenay offers residents a high quality of life with lower housing costs compared to major urban centers. The city boasts a strong sense of community, excellent recreational opportunities, and a growing economy. For those looking to combine affordability with a rich cultural and natural environment, Saguenay stands out as an ideal choice.
Granby, QC
Granby, nestled in the heart of Quebec’s Eastern Townships, offers renters a delightful blend of small-town charm and ample opportunities. Known for its beautiful parks, vibrant cultural scene, and family-friendly environment, Granby provides an exceptional quality of life. The city’s affordable housing market and strong sense of community make it an attractive option for those seeking a peaceful yet dynamic place to live. With its renowned zoo, bustling downtown, and numerous outdoor activities, Granby is a hidden gem that caters to a diverse range of lifestyles.
Fredericton, NB
Fredericton, the capital city of New Brunswick, offers renters a harmonious blend of historical charm and modern amenities. Known for its vibrant arts scene, beautiful riverfront, and welcoming community, Fredericton provides an excellent quality of life. The city boasts affordable housing options, scenic parks, and a strong educational presence with institutions like the University of New Brunswick. Its rich cultural heritage, coupled with a thriving local economy, makes Fredericton an attractive destination for those seeking a balanced and fulfilling lifestyle.
Saint John, NB
Saint John, New Brunswick’s largest city, is a coastal gem known for its stunning waterfront and rich heritage. Nestled on the Bay of Fundy, it offers renters an affordable cost of living with a unique blend of historic architecture and modern conveniences. The city’s vibrant uptown area is bustling with shops, restaurants, and cultural attractions, while its scenic parks and outdoor spaces provide ample opportunities for recreation. Saint John’s strong sense of community and economic growth make it an inviting place for those looking to enjoy both urban and natural beauty.
Saint-Hyacinthe, QC
Saint-Hyacinthe, located in the Montérégie region of Quebec, is a vibrant city known for its strong agricultural roots and innovative spirit. Often referred to as the “Agricultural Technopolis,” it is home to numerous research centers and educational institutions. Renters in Saint-Hyacinthe benefit from a high quality of life with access to excellent local amenities, including parks, cultural events, and a thriving local food scene. The city’s affordable housing and close-knit community atmosphere make it an attractive option for those seeking a balanced and enriching lifestyle.
Lévis, QC
Lévis, located on the southern shore of the St. Lawrence River across from Quebec City, offers a unique blend of historical charm and modern conveniences. Known for its picturesque views and well-preserved heritage sites, Lévis is a city where history meets contemporary living. Residents enjoy a high quality of life with excellent public services, green spaces, and cultural activities. The city’s affordable housing options and strong sense of community make it a desirable place for renters looking for both tranquility and easy access to urban amenities.
This category looked at factors such as average rent, housing costs, rental availability, and unemployment rates. Québec stood out with 10 cities ranking at the top, demonstrating strong economic stability and affordable housing options, which are critical for renters looking for cost-effective living conditions.
Québec again led the pack in this category, with five cities in the top 10. Ontario followed closely with three cities. British Columbia excelled in walkability, with four cities achieving the highest walk scores, while Caledon topped the list for its extensive green spaces. These factors contribute significantly to the overall quality of life, making these cities attractive for renters.
Victoria, BC, emerged as the leader in this category due to its rich array of restaurants, museums, and educational institutions, offering a vibrant community life. St. John’s, NL, and Vancouver, BC, also ranked highly. Québec City, QC, and Lévis, QC, scored the highest in life satisfaction, reflecting a strong sense of community and well-being. Additionally, Saskatoon, SK, and Oshawa, ON, were noted for having residents with lower stress levels.
For a comprehensive view of the rankings and detailed interactive visuals, you can visit the full study by Point2Homes.
While no city can provide a perfect living experience for every renter, the cities highlighted in this study come remarkably close by excelling in key areas such as housing affordability, quality of life, and community engagement. These findings offer valuable insights for renters seeking the best places to live in Canada in 2024.
Rising awareness of ESG (Environmental, Social, Governance) concerns, and the expectations of businesses to address them and take meaningful action, became stronger than ever during the past year. According to PwC’s 2021 Consumer Intelligence Series survey on ESG, 83% of consumers think companies should be actively shaping ESG best practices, and 86% of employees prefer to support or work for companies that care about the same issues they do.1
