– From overconfidence bias to the effects of the real estate market, new data from Billdr reveals Toronto homeowners’ renovation realities, including sentiments. –

TORONTO–(BUSINESS WIRE)–Today, Billdr, a home renovation digital platform that supports homeowners with their renovation journey from start to finish, released new data revealing how Toronto homeowners are tackling renovations. Billdr commissioned Potloc to survey Toronto homeowners (93 per cent) and soon-to-be homeowners (7 per cent). The survey found that two out of five respondents (39 per cent) have renovated rather than moved because prices on the real estate market were too high, and one out of five homeowners are drawing on their home equity as a primary source of renovation financing (22 per cent), an increasing trend seen across Canada.

“These insights are not surprising. We’re seeing more homeowners choosing to stay put, invest in their homes, and avoid moving when the market is unstable,” said Bertrand Nembot, CEO of Billdr. “Affordability is a major concern for Canadians right now, whether it’s the recent inflation battles, continued supply chain issues, or the ongoing rise of lending rates. Finding a new home that suits all your needs is becoming increasingly difficult in today’s real estate market, and renovating is one way to avoid that struggle.”

Gathered in April 2022, the study received responses from 300 individuals in the Toronto area. The data focuses on Torontonians’ reasons for renovating their home, preference for renovating over moving, their level of confidence in navigating the renovation process, how stressful they find the renovation process, and more.

The effect of the real estate market on renovations

As the market continues to remain volatile with prices still higher than in years past and limited supply available, Torontonians are carefully considering their options. While four out of ten respondents renovated because prices on the real estate market are too high, 48 per cent amongst 35-54-year-olds, other reasons to choose renovations over moving include:

• Over half (58 per cent) are likely to invest in renovating a fixer-upper to create their dream home.
• One in five (23 per cent) chose to renovate instead of buy because moving is stressful.
• One in ten (11 per cent) renovate because they find there is a lack of supply in the real estate market.

Overconfidence bias and renovations

The renovation process is complicated, tedious, and full of endless options when it comes to contractors, vendors, cosmetic choices, and beyond. However, those who have yet to do a renovation experience an overconfidence bias, with three out of five respondents (64 per cent) feeling very or fairly confident. This confidence increases amongst men while decreasing with groups that have previously completed a renovation:

• Men are more likely to say they are quite confident before completing a renovation than women (50 per cent male vs. 37 per cent female).
• Meanwhile, those who have already completed a renovation project are less confident with one out of seven (13 per cent) saying they are not very confident about undertaking this process.

Beauty is pain: the stressful side of renovations

Home renovations are identified as one of the most stressful life events people can go through, with nearly three-quarters (69 per cent) of respondents expressing that they experienced stress when completing renovations. Renovating is a lengthy process that inevitably can induce stress:

• Three out of five respondents (60 per cent) found it difficult to find a qualified and trusted contractor.
• Over a third of respondents (37 per cent) with previous renovation experience would renovate again but with the right experts. This increases amongst women (42 per cent).
• For those who have completed a renovation, they found managing their project during construction (37 per cent) and finding a general contractor (28 per cent) to be the most stressful aspects of their renovation.
• Over a quarter of respondents (27 per cent) who completed renovations in the last year found the process quite stressful.

“Homeowners need support. There is a steep learning curve when renovating a home, and without doing your due diligence, much can go wrong,” said Raphael Sammut, General Manager at Billdr. “From defining the scope of work and finding a trusted contractor to understanding where your money is going, the renovation process has many moving pieces. We’re here to make the whole process seamless and ensure homeowners don’t have to pay out of pocket to learn things the hard way.”

Billdr pairs homeowners with an in-house project manager to take on the most stressful aspects of a renovation. Alleviating key pain points, the project manager works with homeowners to translate their vision into a detailed scope of work, helps them navigate design and permitting, gathers bids from Billdr’s network of vetted contractors, and provides status updates throughout construction. Billdr is turning renovation nightmares into a homeowner’s dream.

Visit billdr.co to learn more.

About Billdr

Billdr’s mission is to make home renovations simple, transparent, and efficient for everyone. Billdr is an online market network that supports homeowners and general contractors throughout the entire home renovation process. The marketplace platform assigns a dedicated project manager that guides and supports homeowners step by step throughout their home renovation journey. Billdr covers all stages of the renovation process, from the detailed definition of the project, development and review of architectural and engineering plans, cost estimates, selection of a certified general contractor, and project management during construction until the completion of the work. For more information, visit https://billdr.co.

Contacts

Media Contact
Kayla Ciaschi

Talk Shop Media Account Director

Kayla@talkshopmedia.com

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX:D.UN) announced that, at its annual meeting of unitholders held today, all of the nominees for election as trustees of Dream Office REIT (the “REIT”) referred to in its management information circular for the meeting were elected. Votes cast on this matter were as follows:

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Amar Bhalla	34,402,547	95.36	1,674,442	4.64
Donald Charter	34,925,234	96.81	1,151,755	3.19
Michael Cooper	34,963,158	96.91	1,113,831	3.09
P. Jane Gavan	34,204,477	94.81	1,872,512	5.19
Dr. Kellie Leitch	35,564,562	98.58	512,427	1.42
Karine MacIndoe	35,805,193	99.25	271,796	0.75
Qi Tang	35,816,800	99.28	260,189	0.72

At the meeting, PricewaterhouseCoopers LLP was appointed auditor of the REIT and the REIT’s subsidiaries, and the trustees of the REIT were authorized to fix the remuneration of the auditor.

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365–5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM UNLIMITED CORP. (“Dream” or the “Company”) (TSX: DRM) announced that, at its annual meeting of shareholders held today, all of the nominees for election of directors of Dream referred to in its management information circular for the meeting were elected. Votes cast on this matter were as follows:

Nominee			Votes For			% Votes For			Votes Withheld			% Votes Withheld
Michael Cooper			188,783,931			99.75			465,965			0.25
James Eaton			189,157,867			99.95			92,029			0.05
Joanne Ferstman			188,603,816			99.66			646,080			0.34
Richard Gateman			188,752,046			99.74			497,850			0.26
Jane Gavan			188,554,094			99.63			695,802			0.37
Duncan Jackman			180,361,056			95.30			8,888,840			4.70
Jennifer Lee Koss			189,049,924			99.89			199,972			0.11
Vincenza Sera			187,493,676			99.07			1,756,220			0.93

At the meeting, PricewaterhouseCoopers LLP was appointed as the auditor of Dream, and the directors of Dream were authorized to fix the remuneration of the auditor.

Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $16 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land and residential assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. For more information please visit: www.dream.ca.

Contacts

Dream Unlimited Corp.

Deb Starkman

Chief Financial Officer

(416) 365-4124

dstarkman@dream.ca

Kim Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) announced that, at its annual meeting of unitholders held today, all of the nominees for election as trustees of Dream Impact Trust (the “Trust”) referred to in its management information circular for the meeting (the “Circular”) were elected. Votes cast on this matter were as follows:

Nominee			Votes For			% Votes For			Votes Withheld			% Votes Withheld
Pauline Alimchandani			24,942,969			91.02			2,459,413			8.98
Amar Bhalla			26,410,323			96.38			992,059			3.62
Dr. Catherine Brownstein			27,294,251			99.61			108,131			0.39
Robert Goodall			26,511,065			96.75			891,317			3.25
Karine MacIndoe			27,315,175			99.68			87,207			0.32

At the meeting, PricewaterhouseCoopers LLP was appointed as the auditor of the Trust, Dream Impact Master LP and the Trust’s subsidiaries, and the trustees of the Trust were authorized to fix the remuneration of the auditor.

Dream Impact is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.

Contacts

Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kim Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris REIT”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.0667 per unit for the month of June, 2022, representing $0.80 per unit on an annualized basis. The distribution will be payable on July 15, 2022 to unitholders of record on June 30, 2022.

About Primaris REIT

Primaris REIT is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in dominant enclosed shopping centres in growing markets. The portfolio totals 11.3 million square feet and is valued at approximately $3.3 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris REIT is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

Contacts

For more information:
Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

TSX: PMZ.UN

www.primarisreit.com  www.sedar.com

The Second Cultivation and Production Facility in Vineland Adds Approximately 270,000 Square Feet of Cultivation and Production Capacity and Will Triple Available Canopy in Phase One

Recent Approvals Also Allow for Use of Post-Harvest Automation Equipment to More Efficiently Meet the Growing Adult Use and Medical Demand

NEW YORK–(BUSINESS WIRE)–Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”), one of the largest and most experienced cultivators, manufacturers and providers of cannabis products in the U.S., announced today it has started operations in its new, approximately 270,000-square-foot cultivation and production facility in New Jersey, begun using post-harvest automation equipment, and expanded its adult use shopping hours at both of its Cannabist locations in Deptford and Vineland to the maximum number of hours allotted by the New Jersey Cannabis Regulatory Commission (CRC).

The Company received approval from the New Jersey CRC to commence operations at its second cultivation and production facility on May 25, 2022, along with the approval to begin using post-harvest automation equipment. The introduction of this equipment will reduce the “harvest to shelf” time for products, making it easier to meet the rapidly-growing patient and customer demand.

“After ten years of navigating the ever-evolving cannabis industry in various markets, we have so many lessons learned and have been able to bring those to bear in how we approach New Jersey, knowing how it will serve as a model for those east coast states transitioning to adult use in the near term. We are proud of how we managed to scale alongside the demand in the last month and are thrilled to be able to serve more patients, customers, and wholesale partners with our newest cultivation facility and equipment,” said Nicholas Vita, CEO, Columbia Care. “As always, we owe a debt of gratitude to the CRC as well as local officials and our communities for their support in our efforts to make New Jersey one of the strongest cannabis markets in the world and a beacon for the industry.”

Both Cannabist locations began adult use sales on April 21 as one of the first seven operators to receive initial approval in the state and have continued to expand their hours. Each dispensary will continue to have medical-only hours, along with medical-only parking spots, pick-up lines and dedicated phone lines to ensure that patient access remains unaffected. Adult use customers will now find an even broader range of edibles, flowers, pre-rolls and vapes as more products are approved through the state’s third-party testing requirement. The menus also include an expanding brand selection, including Columbia Care brands Seed & Strain and Triple Seven, with more planned, pending regulatory approval.

In addition to the new 270,000-square-foot cultivation, manufacturing and processing facility, the Company also operates a 50,000-square-foot facility, also located in Vineland. The Company has a third retail location in development in New Jersey, which is expected to open later in 2022.

For more information on Cannabist locations, hours and menu availability in New Jersey, visit gocannabist.com/newjersey. For more information on Columbia Care, visit col-care.com.

About Columbia Care

Columbia Care is one of the largest and most experienced cultivators, manufacturers and providers of cannabis products and related services, with licenses in 18 U.S. jurisdictions and the EU. Columbia Care operates 131 facilities including 99 dispensaries and 32 cultivation and manufacturing facilities, including those under development. Columbia Care is one of the original multi-state providers of medical cannabis in the U.S. and now delivers industry-leading products and services to both the medical and adult-use markets. In 2021, the company launched Cannabist, its new retail brand, creating a national dispensary network that leverages proprietary technology platforms. The company offers products spanning flower, edibles, oils and tablets, and manufactures popular brands including Seed & Strain, Triple Seven, gLeaf, Classix, Press, Amber and Platinum Label CBD. For more information on Columbia Care, please visit www.col-care.com.

Caution Concerning Forward-Looking Statements

This press release contains certain statements that constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws and reflect the Company’s current expectations regarding future events. Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to the Company’s ability to execute on retail, wholesale, brand and product initiatives in New Jersey. These forward-looking statements or information, which although considered reasonable by the Company, may prove to be incorrect and are subject to known and unknown risks and uncertainties that may cause actual results, performance or achievements of the Company to be materially different from those expressed or implied by any forward-looking information. These risks, uncertainties and other factors include, among others, favorable operating and economic conditions; obtaining and maintaining all required licenses and permits; favorable production levels and sustainable costs from the Company’s operations; and the level of demand for cannabis products, including the Company’s products sold by third parties. In addition, securityholders should review the risk factors discussed under “Risk Factors” in Columbia Care’s Form 10 dated May 9, 2022, filed with the applicable securities regulatory authorities and described from time to time in documents filed by the Company with Canadian and U.S. securities regulatory authorities.

Contacts

Investor Contact
Lee Ann Evans

Capital Markets

ir@col-care.com

Media Contact
Lindsay Wilson

Communications

+1.978.662.2038

media@col-care.com

Miami Mayor and U.S. Conference of Mayors President Francis Suarez rallies the nation’s mayors to step on healthy buildings by embracing WELL as a key solution for advancing healthier cities.

RENO, Nev.–(BUSINESS WIRE)–Today, as part of a renewed commitment to public health and national resilience, the nation’s mayors passed a major resolution to advance healthy buildings as a key strategy to support community preparedness and foster healthier, stronger cities. The policy resolution, adopted this morning by the U.S. Conference of Mayors (USCM) and its membership of over 1,400 cities at the conclusion of its 90th annual meeting in Reno, also encourages communities to lead by example across their municipal buildings by using the International WELL Building Institute’s WELL Health-Safety Rating.

“In Miami, and in cities across the country, we are looking much closer at the outsized role buildings play in keeping us safe and healthy,” said Mayor Francis Suarez, City of Miami and USCM President, who led the resolution along with co-sponsoring Mayors Steve Adler (Austin, TX), Todd Gloria (San Diego, CA) and Corey Woods (Tempe, AZ). “In fact, we spend roughly 90 percent of our time indoors, which underscores how important it is that our buildings are better positioned to protect and enhance human health.”

The resolution, titled “Advancing Healthy Buildings to Support Community and National Preparedness and Resilience,” urges cities to leverage available federal funding from the American Rescue Plan Act (ARPA) and the Bipartisan Infrastructure Law (BIL) to help spur local action across public building portfolios.

“Once again, mayors are out in front, adopting timely and significant policy that helps blaze a trail for people-first places in cities across the country,” said IWBI’s President and CEO Rachel Hodgdon. “We commend Mayor Suarez for his leadership, and the entire U.S. Conference of Mayors, for adopting this resolution and doubling down on WELL and its health and well-being strategies as a bedrock for driving healthier cities.”

Last week, Miami became the first city in the country to achieve the WELL Health-Safety Rating across a portfolio of city buildings. To help inspire fellow mayors, Mayor Suarez has urged other cities to follow suit and take similar action to lead on healthy buildings.

“By embracing WELL for our public buildings, we are stepping up — we’re walking the walk. I’m proud that this portfolio of city buildings, including our City Hall, is being recognized by IWBI, the world’s leading authority on healthy buildings,” said Mayor Suarez upon achieving the milestone. “I hope other cities will replicate what Miami is doing to advance WELL buildings, so we can deliver the benefits of healthy buildings to communities everywhere.”

In addition to the resolution, the USCM 90th Annual Meeting, which hosted hundreds of mayors in Reno, kicked off its Friday opening plenary with an armchair conversation between Mayor Suarez and IWBI Founder Paul Scialla, focusing on how cities can lead on WELL to achieve their healthy building goals.

“We’re looking forward to highlighting Miami – named the healthiest city in the country – and its achievement of the WELL Health-Safety Rating across municipal buildings, as a blueprint for other mayors to follow,” said Scialla, during the plenary session in Reno. “Mayors across the country are already leading. As they continue to use WELL to demonstrate that public buildings are safer, healthier and have the right protocols in place, other sectors will take note and follow their lead.”

Increasingly, local leaders are utilizing WELL to support health and well-being in their cities, including:

• Miami, FL became the first in the country to achieve the WELL Health-Safety Rating across a portfolio of municipal buildings;

• Austin, TX was one of the first cities in the country to achieve WELL Gold certification for one of its signature city buildings, the Permitting and Development Center;

• Aspen, CO was one of the first cities in the country to achieve WELL Silver certification in its City Hall and policy department;

• Chicago, IL was one of the first cities to reference WELL as a pathway to meet requirements in its local sustainable building policy; and

• Columbia, SC has a portfolio of municipal buildings enrolled in the WELL Health-Safety Rating.

These city achievements reflect the USCM healthy buildings resolution, which, as noted, also aligns with concerted efforts being made to advance community preparedness. For example, it states:

“As the country moves forward and works to fortify against COVID-19 and future threats, cities and businesses alike are now embracing preparedness plans that support health and well-being in buildings to maximize prevention and minimize risk, including the adoption of healthy building tools like the WELL Health-Safety Rating for Facility Operations and Management, an evidence-based, third-party verified rating focusing on operational policies, cleaning protocols, and design strategies.”

WELL is now being adopted in 110 countries in 35,000 locations totaling 3.5 billion square feet of all space types. It is the leading global framework for scaling health across buildings, organizations and communities. Developed over 10 years and backed by the latest scientific research, WELL outlines key building-level interventions and organizational strategies across 10 categories: Air, Water, Nourishment, Light, Movement, Thermal Comfort, Sound, Materials, Mind and Community.

The U.S. Conference of Mayors is the official nonpartisan organization of cities with populations of 30,000 or more. Each year, during its annual conference, USCM approves a range of policy resolutions. These policy positions adopted collectively represent the views of the nation’s mayors and are distributed to the President of the United States and Congress.

About the International WELL Building Institute

The International WELL Building Institute (IWBI) is a public benefit corporation and the world’s leading organization focused on deploying people-first places to advance a global culture of health. IWBI mobilizes its community through the administration of the WELL Building Standard (WELL) and the WELL Health-Safety Rating, management of the WELL AP credential, the pursuit of applicable research, the development of educational resources, and advocacy for policies that promote health and well-being everywhere. More information on WELL can be found here.

International WELL Building Institute pbc is a wholly owned subsidiary of Delos Living LLC. International WELL Building Institute, IWBI, the WELL Building Standard, WELL v2, WELL Certified, WELL AP, WELL Portfolio, WELL Portfolio Score, The WELL Conference, We Are WELL, the WELL Community Standard, WELL Health-Safety Rating, WELL Health-Safety Rated, WELL Health-Equity, WELL Performance Rated, WELL Performance Rating, WELL and others, and their related logos are trademarks or certification marks of International WELL Building Institute pbc in the United States and other countries.

Contacts

Media: media@wellcertified.com