Energy Efficiency as a Competitive Advantage
- ClearView Insider
- Aug 14
- 1 min read
Vancouver’s new Greenhouse Gas and Energy Limits Bylaw is more than just regulation—it’s a roadmap that links building performance directly to asset value.
For developers and owners, the message is clear:
Investing in energy efficiency today = lower operating costs tomorrow.
High-performing buildings translate to:
Reduced utility and maintenance costs through electrified systems and envelope upgrades
Better access to funding and tax incentives to offset capex
Stronger tenant demand, especially among ESG-conscious occupiers
Higher long-term asset value and retention in increasingly regulated urban markets
Under the Vancouver bylaw, phased targets start as early as 2026, requiring buildings to meet aggressive emissions thresholds by 2040. RBC’s recent analysis calls on owners to act now—leveraging equipment lifecycles and retrofit planning to avoid stranded assets and reposition buildings ahead of the curve.
As carbon becomes a line item on every P&L, energy performance is becoming a key leasing differentiator.
Reference: Royal Bank of Canada. "Vancouver’s New Greenhouse Gas Bylaw: 5 Key Actions Building Owners Need to Take." RBC Royal Bank, July 12, 2024. https://www.rbcroyalbank.com/en-ca/my-money-matters/business/right-sized-business-advice/commercial/vancouvers-new-greenhouse-gas-bylaw-5-key-actions-building-owners-need-to-take/
Let’s talk how this translates beyond Vancouver—into Alberta, Western Canada, and national portfolios. Reach us at info@cvpartners.ca.