CIB to Provide $70M Financing to CAPREIT to Retrofit 60 Multi-Residential Buildings
May 2, 2024 The Canada Infrastructure Bank (CIB) has reached financial close on a $70 million loan to CAPREIT to finance deep energy and decarbonization upgrades at selected buildings. Installation of new energy conservation equipment is planned to benefit residents living in approximately 14,000 suites. The projects are expected to result in the significant reduction of greenhouse gas (GHG) emissions annually, with…


