The Canadian data center market is worth over $5 billion and forecast to grow over 10%, yearly, according to IDC Canada. Mark Kindrachuk, principal of Intermarket, brings a strong background to the data centre field through his previous employment at IBM Real Estate in which he planned and constructed data centres and office space; and as Asset Manager at CN Real Estate for 151 Front Street which is now the pre-eminent data centre in Toronto. Intermarket is currently involved with three (3) data centre initiatives: i) a 50,000 sf co-location facility in Waterloo, ON and ii) a mixed-use office project in Cambridge, ON that includes two (2) large-scale data centres.
Why Waterloo Region?
Extensive analysis has been completed with respect to the key criteria for data centres and Waterloo Region is an ideal location:
- Trigeneration and District Energy opportunities are available in order to reduce the Power Usage Effectiveness (PUE) ratio; as well as providing excellent sustainability capabilities.
- North America is a preferred area for data centers and Southern Ontario has the added benefit of being a low risk region for natural disasters.
- Canada has the added benefits of colder ambient temperatures to lower cooling requirements in order to reduce operating costs.
- Canada has enhanced data privacy laws through the Personal Information Protection and Electronic Documents Act (PIPEDA)
- The subject sites are approximately 100km from downtown Toronto where the power grid is at capacity, and Waterloo Region has newer and more reliable hydro infrastructure.
- Waterloo Region is “Canada’s Technology Triangle” with great access to Information Technology (IT) professionals as over 700 IT firms are located in the area.
- Waterloo Region is home to industry leading companies in technology, financial services and manufacturing; and is one of the fastest growing areas in Canada.
- Major post-secondary schools; such as the University of Waterloo (cloud computing research), Wilfrid Laurier University and Conestoga College are located in Waterloo Region.
- Substantial power from the municipally-owned electrical utility is available to both sites.
- Multiple sources of fibre from major carriers are currently available to each property.
Data Centre – Waterloo Corporate Campus – Waterloo, ON
The Waterloo Corporate Campus project includes a co-location data centre and this facility will provide state-of-the-art managed services and hosting capabilities. This 57,000 sf building will include 25,000 sf of ‘white-space’ with an additional 22,000 sf for office, equipment and administrative uses. Construction is commenced in 2013 and is currently ongoing.
Data Centre or Cloud Computing Opportunities – IP Park – Cambridge, ON
IP Park is a 225 acre master-planned development in Cambridge, Ontario (Waterloo Region). The vision for the project is based on creating a high-quality office campus in a park-like setting that also incorporates data centres and cloud computing facilities as an integral component of the overall development.