In Spring 2014 the CaGBC commissioned a research report from McGraw Hill Construction that examined the current and projected growth, drivers and obstacles, and impact on tenants and occupants. The report titled Canada Green Building Trends: Benefits Driving the New and Retrofit Market, is the first of its kind in Canada.
Among its many findings, the report demonstrates that companies that invest in green buildings are seeing significant dividends on their investments, including:
- 82% of building owners and developers reported decreases in energy consumption in their green buildings compared to similar buildings.
- 68% of building owners and developers reported decreases in water consumption in their green buildings.
- The median reduction in operating costs over five years for green buildings reported by the firms included in the research is 17%.
- The median payback for the investment in a new green building is reported to be eight years, a finding consistent with paybacks on studies McGraw Hill has conducted in the U.S. and globally.
Initial results were presented at Building Lasting Change 2014, and now we are pleased to be making the full report available to the public.
As a part of this market research, McGraw Hill created a sub report based on a survey of a select group of Canadian companies that lease or rent space in a commercial office space and their tenants. This report looks at the value they place on specific green building features and practices and how green building impacts overall employee health and productivity, and corporate responsibility.
If you are a national member of the CaGBC, you can view this study here by logging into your My CaGBC account. Please click here to join or for more information about becoming a national member of the CaGBC.
Thank you to the Sponsors of this report: