Welcoming the Real Property Association of Canada (REALPAC) as a supporter of the One Ontario initiative.
TORONTO, Ontario, July 27th, 2021
One Ontario is pleased to welcome the Real Property Association of Canada (REALPAC) as a supporter of the One Ontario initiative.
REALPAC believes that an efficient, well-functioning and ultimately transparent real estate development system is not only vital to the sector generally but also has exponential benefits for local and regional economies.
REALPAC members include publicly traded real estate companies, real estate investment trusts (“REITs”), private companies, pension funds, fund managers, banks, and life insurance companies, that collectively own approximately $1 Trillion CAD of real estate equity and debt assets. The association is further supported by large owner/occupiers and pension fund advisors as well as individually selected investment dealers and real estate brokerages.
A significant number of REALPAC’s 125+ members are actively involved in the development and construction of properties across all major real estate asset classes, providing a unique sightline into the challenges facing development and land use planning in Ontario.
REALPAC believes that an efficient, well-functioning and ultimately transparent real estate development system is not only vital to the sector generally but also has exponential benefits for local and regional economies.
They believe that the ‘One Ontario’ initiative will establish data exchange guidelines for the development approval process in Ontario that will result in a more efficient development approval process, easier and more cost-effective exchange of data, that will also encourage technological innovation within the building and development industry.
They wholly support any initiative which results in data efficiency and transparency.
About Real Property Association of Canada (REALPAC)
REALPAC is the national industry association dedicated to advancing the long-term vitality of Canada’s real property sector. REALPAC’s mission is to bring together the country’s real property investment leaders to collectively influence public policy, to educate government and the public, and to ensure stable and beneficial real estate capital and property markets in Canada. www.realpac.ca
About One Ontario
One Ontario is a collaborative initiative established by AECO Innovation Lab, with the aim of establishing a set of provincial guidelines for data and information exchange throughout the development approval process. The framework will be aligned with regulatory requirements set by the province and will be driven by technological tools and advancements within the AEC industries. Follow One Ontario on social media: LinkedIn
About AECO Innovation Lab
AECO Innovation Lab leads digital transformation of architecture, engineering and construction (AEC) industries and governments through collaborative R&D projects. We are dedicated to breaking down silos and increasing the productivity of the AEC sector by providing a hub for collaboration, knowledge sharing and digital transformation. AECO R&D projects unite the private, public and academic sectors by building coalitions to investigate AEC industry operating practices and develop optimization solutions. To learn more visit - www.aecoinnovationlab.com and follow AECO on social media: LinkedIn and Twitter
