OTTAWA, ON – November 13, 2018 – More than one-third of Canadian respondents to the World Green Building Trends 2018 SmartMarket study currently do the majority of their projects “green” – the highest percentage in North America and fourth-highest worldwide among those who make sustainable building a priority.
Thirty-five per cent of Canadian firms participating in the survey say that more than 60 per cent of their projects are green, and that percentage is expected to rise to 48 per cent in 2021, in line with a global trend of increasing green building activity. A green building is one that produces low amounts of greenhouse gases that contribute to climate change.
Client demands are the top trigger for green activity in Canada, and 61 per cent of respondents say they consider improved occupant health and well-being to be a top social reason for building green. The majority of Canadian respondents – 53 per cent – expect to see cost savings of 15 per cent or more from green buildings after five years.
The report also shows that Canada had the second-highest percentage of survey respondents who are members of green building councils, at 63 per cent.
The study, which was conducted by Dodge Data & Analytics and drew from 2,078 respondents in 87 countries, shows that a growing number of firms worldwide expect that the majority of their building projects will be green, with nearly 50 per cent expecting to do more than 60 per cent of their projects sustainably by 2021.
Across the globe, investments in both new green building projects and green retrofits are expected to produce tangible business benefits, the report indicates. Among all survey respondents, almost two-thirds who have conducted green retrofit or renovation projects expect to see their operating costs decrease by at least six per cent within the next five years, and 44 per cent of building owners expect that a new green building will see its value increase by more than five per cent over the value of a new non-green building.
The World Green Building Trends SmartMarket study analyzes the global level of green building activity, the benefits of building green, the triggers most likely to spur further green market growth, and the challenges that may impede it.
To read the full study, click here.
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About the Canada Green Building Council (CaGBC)
CaGBC is the leading national organization dedicated to advancing green building and sustainable community development practices. As the voice of green building in Canada, we work closely with our national and chapter members in an effort to make every building greener. CaGBC reduces environmental impacts from the built environment through project certification, advocacy and research, and has helped meet the demand for skilled workers by providing green building education to more than 45,000 professionals across the country since 2002. CaGBC established the LEED green building rating system in Canada and developed the country’s first Zero Carbon Building Standard in 2017. It also oversees the Canada Coalition for Green Schools, and is a member of the World Green Building Council supporting international efforts to reduce environmental impacts from the built environment. For more information, visit cagbc.org and connect on Twitter, Facebook, LinkedIn and Instagram.