The Canada Infrastructure Bank (CIB) and Avenue Living Asset Management (Avenue Living) have signed a partnership agreement. Together, the CIB and Avenue Living will commit $150 million towards sustainable retrofit projects in low-density residential buildings across Western Canada.

Under the agreement, the CIB’s investment will represent 80 per cent of the overall capital value of the work. The timing of this investment coincides with Avenue Living’s corporate commitment to reduce greenhouse gas emissions while collectively addressing the Prairie’s aging housing supply.