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Security Camera Market to Grow by USD 3.85 Billion from 2025-2029, Driven by Video Analytics for Surveillance and AI-Powered Market Evolution – Technavio

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NEW YORK, Jan. 10, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global security camera market size is estimated to grow by USD 3.85 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  12.1%  during the forecast period. Growth of video analytics helpful for surveillance video analyses is driving market growth, with a trend towards growing adoption of iot and smart homes. However, challenges regarding privacy and data loss  poses a challenge. Key market players include ADT Inc., Amazon.com Inc., Canon Inc., Cisco Systems Inc., Costar Technologies Inc., Dahua Technology Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Techwin America, Honeywell International Inc., Johnson Controls International Plc, JVCKENWOOD Corp., Motorola Solutions Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Schneider Electric SE, Simplisafe Inc., Sony Group Corp., Teledyne Technologies Inc., Vicon Industries Inc., and Xiaomi Inc..

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Security Camera Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 12.1%

Market growth 2025-2029

USD 3851.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.9

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key countries

US, China, Germany, Canada, UK, France, Japan, India, South Korea, and Italy

Key companies profiled

ADT Inc., Amazon.com Inc., Canon Inc., Cisco Systems Inc., Costar Technologies Inc., Dahua Technology Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Techwin America, Honeywell International Inc., Johnson Controls International Plc, JVCKENWOOD Corp., Motorola Solutions Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Schneider Electric SE, Simplisafe Inc., Sony Group Corp., Teledyne Technologies Inc., Vicon Industries Inc., and Xiaomi Inc.

Market Driver

The security camera market is experiencing significant growth due to increasing operational needs for safety and crime prevention. Traditional security cameras are being replaced by smart security solutions, including AI-powered appliances and IP cameras with high-definition and infrared capabilities. Innovations like facial recognition, motion detection, and anomaly detection are driving consumer interest. Cost-effective options, such as box cameras and dome cameras, offer ease of installation and scalability. Strategic partnerships and promotions are making advanced security solutions more accessible to homeowners and businesses. With the rise of the Internet of Things, cloud-based video surveillance and mobile surveillance systems are becoming essential for both home and commercial security. Despite investment costs, the benefits of AI-driven analytics, incident response times, and thermal imaging outweigh the risks of misuse and privacy concerns. Security camera systems are essential for crime prevention, border security, and critical infrastructure protection, making them a worthwhile investment for private properties and public spaces. 

The Security Camera market is experiencing significant growth due to the increasing adoption of Internet of Things (IoT) devices, specifically smart cameras, for residential security. These advanced cameras come equipped with video analytics and recognition capabilities, enabling them to monitor and identify family members, pets, and objects. Consumers can record and view security events in real-time via their smartphones. Additionally, vendors offer smart doorbells and peepholes, replacing traditional models with cameras that detect people entering or exiting homes and monitor objects outside. Indoor smart cameras can also be used to monitor pets or babies from a distance. 

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 Market Challenges

•         The security camera market is witnessing significant growth due to the increasing operational needs for safety and crime prevention in various sectors. Traditional security solutions like analog surveillance and dome cameras are being replaced by smart security cameras with advanced features like infrared, AI-powered appliances, and high-definition cameras. These innovations offer benefits such as anomaly detection, facial recognition, and two-way audio. However, challenges include investment costs, ease of installation, and privacy concerns. In high-risk areas like border security and critical infrastructure, scalable AI-driven analytics and thermal imaging are essential. Homeowners seek cost-effective, smart home technology solutions with long battery life and remote control. Strategic partnerships and promotions drive consumer interest. Despite these advancements, security risks and privacy protections remain crucial considerations. Incident response times and evidence collection are essential for investigations. Smart city development and mobile surveillance systems offer new opportunities. Overall, the market requires continuous innovation to address operational needs and consumer demands.

•         IP-based security cameras offer valuable surveillance solutions for businesses, but they also present significant cybersecurity risks. Hackers can launch various attacks, such as DDoS, MiTM, data breaches, APTs, and ransomware, exploiting vulnerabilities in these devices. Weak passwords and mass-produced, identical cameras make them easy targets. Compromised security cameras can disrupt networks and potentially provide a gateway to larger IT infrastructure breaches. Businesses must prioritize securing their IP-based security cameras to mitigate these risks.

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Segment Overview 

This security camera market report extensively covers market segmentation by  

Technology 1.1 Analog1.2 IP basedProduct Type2.1 HD and full-HD2.2 Non-HDGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and AfricaSystemApplicationFeatureCamera resolutionType

1.1 Analog-  Analog cameras are a cost-effective solution for businesses seeking continuous surveillance through closed-circuit television (CCTV) systems. These cameras transmit video signals over cable to video cassette recorders (VCRs) and digital video recorders (DVRs), offering resolution ranges compliant with National Television Standards Committee (NTSC) and Phase Alternating Line (PAL) standards. Resolutions range from 420 to 1080 pixels, ensuring clear images. Analog cameras can connect via coax cables, twisted-pair cables, or wireless connections. Vendors provide advanced features such as infrared light-emitting diodes (IR LEDs) for night vision, 1080 pixels analog high definition (AHD), 1080 composite video interface (CVI), and complementary metal-oxide-semiconductor (CMOS) sensors with Infrared Cutfilter Removal (ICR) for accurate color reproduction. Cameras are built with Ingress Protection rated metal, safeguarding against dust, sand, rain, and snow. VCRs and DVRs are essential for video recording, with offerings up to 50 terabytes of storage, motion-detecting push notifications, remote viewing via smartphones, tablets, and computers, advanced recording and playback options, and scheduling recording 24/7 or by motion detection. Vendors also provide customer care services and a three-year warranty. Analog cameras are commonly used in city infrastructure surveillance, ATM banking outlets, construction sites, and indoor retail environments due to their affordability and advanced features. With a lower average selling price (ASP) and technological advancements like AHD and pan-tilt-zoom (PTZ), the analog segment will continue driving growth in the global security camera market.

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Research Analysis

The Security Camera Market encompasses various segments, including video surveillance systems, CCTV, and smart home security. Accessories such as lenses, mounts, and cables enhance the functionality of these systems. Security camera technology continues to evolve, offering advanced features like analytics, remote monitoring, and cloud-based solutions. Organizations across industries rely on security cameras for benefits like deterrence, evidence collection, and improved safety. Installation and integration with business systems are crucial considerations. Security camera pricing varies based on factors like resolution, type, and advanced features. Privacy concerns and cybersecurity are essential aspects of the security camera market. Standards and regulations ensure data protection. Comparison of different security camera solutions based on their features, advantages, and ROI is vital for making informed decisions. The market’s growth is driven by increasing security concerns, technological advancements, and the integration of security systems with other business solutions. Security camera revenue is expected to continue growing as demand for advanced and cost-effective solutions increases. Innovations like AI and machine learning are transforming the market, offering improved monitoring, analytics, and cybersecurity. Maintenance and software updates are essential for ensuring optimal performance and security. Security camera manufacturers cater to various applications, from residential to industrial, providing customized solutions to meet diverse needs. The market’s trends reflect the shift towards more advanced, cost-effective, and user-friendly systems.

Market Research Overview

The security camera market is experiencing significant growth due to the increasing operational needs for safety and crime prevention in various sectors. Traditional security solutions, such as analog surveillance cameras, are being replaced by innovative smart security cameras with features like infrared technology, AI-powered appliances, and high-definition cameras. These advanced security solutions offer benefits like anomaly detection, facial recognition, and two-way audio. Investment costs for security camera systems have decreased with the advent of scalable IP cameras and the Internet of Things. Smart city development and border security are major drivers of growth, with AI-driven analytics and cloud-based video surveillance becoming essential components. Consumers, including homeowners, are showing increased interest in smart home devices and security solutions, leading to promotions and discounts. Expertise in security camera installation and maintenance is crucial for effective surveillance coverage. In high-risk areas, security cameras are used to prevent incidents like burglary, unauthorized access, and intruders. Thermal imaging and motion detection are effective surveillance tools for crime prevention. However, privacy concerns and data protection laws necessitate privacy protections and data redundancy. Security risks and misuse are potential challenges, requiring strategic partnerships and incident response times. Scalability and cost-effectiveness are essential considerations for commercial security and mobile surveillance systems. Overall, the market for security cameras is continuously evolving with innovations like machine learning and deep learning engines.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyAnalogIP BasedProduct TypeHD And Full-HDNon-HDGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And AfricaSystemApplicationFeatureCamera resolutionType

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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SIGGRAPH 2026 Unites Global Computer Graphics Community in Los Angeles With Landmark Keynotes, Inaugural Games Summit, and AI Innovation

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Weeklong Conference Celebrates 53 Years of Advancing the State of the Art in Computer Graphics and Interactive Techniques

LOS ANGELES, July 23, 2026 /PRNewswire/ — The 53rd annual SIGGRAPH conference, the world’s premier conference on computer graphics and interactive techniques, brought together thousands of artists, researchers, developers, and industry leaders from around the globe this week at the Los Angeles Convention Center. From an inspiring keynote by legendary Disney Imagineer Lanny Smoot and the debut of the Games Summit to advancements in artificial intelligence (AI), robotics, neural rendering, Gaussian splatting, and immersive storytelling, SIGGRAPH 2026 reaffirmed its role as the global stage where research meets production and ideas shape the future of the field.

SIGGRAPH 2026 welcomed an international audience of more than 9,500 people from 69 countries, alongside a bustling exhibition floor where companies large and small showcased the latest in computer graphics and interactive techniques, products, and services.

“SIGGRAPH 2026 showed what happens when the world’s technical and creative communities share one space. The lines between computer graphics, physics, and AI are blurring, and this week our attendees turned that convergence into new collaborations, research directions, and ways to tell stories,” said SIGGRAPH 2026 Conference Chair Chris Redmann. “From our first Games Summit to a keynote that reminded us invention is a team sport, this conference celebrated the breakthroughs of today while laying the groundwork for the future of our field.”

A highlight of the week came Monday, 20 July, when Disney Research Fellow and Walt Disney Imagineering inventor Lanny Smoot took the keynote stage with “Inventions, Innovations, and Imagination: Lanny Smoot’s Prolific Path”. Smoot, who holds 107 patents and in 2024 became only the second Disney employee after Walt Disney himself to be inducted into the National Inventors Hall of Fame, traced a career spanning more than 45 years, from Bell Labs breakthroughs to beloved Disney Parks innovations including the HoloTile floor and the extendable lightsaber. His message that successful technical practitioners love to create and want to learn from others resonated with a packed house of attendees at the start of the conference week.

Keynote programming continued throughout the week with three standout sponsored sessions. NVIDIA research and engineering leaders Neil Ashton, Ming-Yu Liu, and Edward Liu explored the next era of graphics through neural rendering, world models, and AI-driven simulation. Bolt Graphics founder Darwesh Singh shared his vision for a GPU architecture built for real-time path tracing, and the research team behind Tripo AI examined how generative 3D is redefining how digital worlds are made.

AI ran through nearly every program at SIGGRAPH 2026, positioned not as a replacement for human creativity but as a creative partner. Technical Papers, Technical Workshops, Courses, and Birds of a Feather sessions connected researchers and production artists on generative workflows, differentiable physics, and world models. NVIDIA dedicated a full day to physical AI, presented 21 papers connecting 3D worlds and robot control, and drew industry-wide conversation with a technical deep dive into DLSS 5 neural rendering.

The inaugural Games Summit brought dedicated programming for game developers to SIGGRAPH. Sessions spanned motion sickness accessibility, destruction systems, performance capture pipelines, and cross-industry collaboration through OpenUSD. Robotics also took center stage across the conference, from research in simulation and motion control to the crowd-favorite Robo Dojo, where attendees guided robots through an immersive training ground on the exhibition floor.

In the Experience Hall, five interactive programs: Spatial Storytelling, the Immersive Pavilion, the Art Gallery, and Emerging Technologies, along with the in-person Hands-On Courses track of the Courses program, had attendees step inside the future of interaction and storytelling. Installations spanned AI-driven art, mixed reality sport, embodied robotics, and spatial narratives of wildfire and memory, while lively discussions on Gaussian splatting explored the future of photorealistic virtual reality.

The Computer Animation Festival, an Academy Award® Qualifying Festival for the “Best in Show” prize, celebrated global storytelling in the Electronic Theater, newly expanded in 2026 to include films longer than 10 minutes, opening the festival to a wider range of filmmakers and formats than ever before. Production Sessions took audiences behind the scenes of “Avatar: Fire and Ash” with Wētā FX and Lightstorm Entertainment, NASA’s “Visualizing the Moon for Artemis II”, Disney and Pixar Animation Studios’ “Hoppers”, and Industrial Light & Magic’s work on “The Mandalorian and Grogu”.

SIGGRAPH 2026 also celebrated this year’s contributors by honoring some “best of” from various programs, including:

Art Gallery
Best in Show — “Sternwerk
Alvaro Cassinelli, City University of Hong Kong, School of Creative Media; and Tobias Klein, City University of Hong Kong and School of Creative Media

Art Papers
Best Art Paper — “Resonance: Meditative Neural Rhythms as Collective Spatial Experience
Ruipeng Wang and Behnaz Farahi, Massachusetts Institute of Technology (MIT) and Critical Matter Group, Media Lab; and Yuxiang Cheng and Zhiyan Xing, Harvard University and Critical Matter Group, Media Lab

Computer Animation Festival: Electronic Theater
Best in Show: “Apart
Pola Maneli, Social Popcorn Films (South Africa, United States)

Jury’s Choice — “18 Months
Paulo Garcia and Natalia Gouvea (United States)

Best Student Project — “Beyond Words
Antoine Barbannaud, Théo Merlet, Cyril Buisson, Damien Poncelet, Anthonin Haüy, Timothé Vergught, Mathis De Sauvecanne, Thémys Cheynel, Lilou Tiprez, Leandro Leijnen, and Romain Gueusset with Creative Seeds (France)

Audience Choice — “Saba
Liron Topaz and Lirit Rosenzweig-Topaz (United States)

Emerging Technologies
Best in Show — “EmerFlux: A Two-Layer Liquid Surface Display for Organic Pixel-Based Aesthetic Representation of Information
Kaito Shimizu and Toshitaka Amaoka, Meisei University

Audience Choice — “EmoMime: Augmenting Social Behavior and Self-Expression via Wearable Robotic Limbs
Hideki Shimobayashi, Masaharu Hirose, and Masahiko Inami, RCAST, The University of Tokyo; Tomoya Sasaki, Tokyo University of Science and RCAST, The University of Tokyo; and Arata Horie, RCAST, The University of Tokyo and commissure Inc.

Immersive Pavilion
Best in Show — “Cosmos Unseen: Black Holes
Marcus Moresby, Aditi Rajagopal, Bhaumik Patel, and Mark Lynch, Atlantic Studios

Real-Time Live!
Best in Show — “Create Interactive 3D Assets in Seconds!
Ying-Tian Liu, Yuan-Chen Guo, Yumeng Li, Yu-Lin Tsai, and Yan-Pei Cao, VAST; Hanxiao Wang, Institute of Automation, Chinese Academy of Sciences and VAST; and Yi-Hua Huang, The University of Hong Kong (HKU) and VAST

Audience Choice — “Dissectible Anatomy: Embodied Exploration for Education
Tim McGraw and Jack Myers, Purdue University

Technical Papers
Best Paper Awards
GimmBO: Interactive Generative Image Model Merging via Bayesian Optimization
Chenxi Liu and Selena Ling, University of Toronto; and Alec Jacobson, University of Toronto and Vector Institute

Mixwell: Sharp 2D Fluid Brushes for Progressive Physics-Based Mixing
Doug James, Stanford University; and Ethan James

Walk on Decomposed Subdomains: A Hybrid Monte Carlo-Deterministic Solver for Elliptic PDEs
Clément Jambon, Mohammad Sina Nabizadeh, and Mina Konaković Luković, Massachusetts Institute of Technology (MIT)

Robust Planar Maps for 3D Vectorization
Robert Fuchs, Carnegie Mellon University; and Keenan Crane, Carnegie Mellon University and Roblox

Inverse Rendering for Discrete X-Ray Computed Tomography
Lovro Nuic, Ziyi Zhang, and Wenzel Jakob, Ecole Polytechnique Fédérale de Lausanne; Korbinian Sager, Carl Zeiss AG

Looking ahead, the global computer graphics community will reconvene for SIGGRAPH 2027, the 54th annual conference, taking place 8–12 August 2027 in Anaheim, California, led by SIGGRAPH 2027 Conference Chair and Walt Disney Imagineer Kristy Pron. For the latest conference news and updates, visit siggraph.org.

About ACM, ACM SIGGRAPH, and SIGGRAPH 2026
ACM, the Association for Computing Machinery, is the world’s largest educational and scientific computing society, uniting educators, researchers, and professionals to inspire dialogue, share resources, and address the field’s challenges. ACM SIGGRAPH is a special interest group within ACM that serves as an interdisciplinary community for members in research, technology, and applications in computer graphics and interactive techniques. The SIGGRAPH conference is the world’s leading annual interdisciplinary educational experience showcasing the latest in computer graphics and interactive techniques. SIGGRAPH 2026, the 53rd annual conference hosted by ACM SIGGRAPH, will take place live 19–23 July at the Los Angeles Convention Center.

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SOURCE SIGGRAPH 2026

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Lyntris Inc. Announces Filing of Registration Statement for Proposed Initial Public Offering

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WASHINGTON, July 23, 2026 /PRNewswire/ — Lyntris Inc. (“Lyntris”), a defense technology company providing “sense-to-act” connectivity solutions for the modern, connected battlespace, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of shares of its common stock. Certain of Lyntris’s existing stockholders identified in the registration statement are also expected to sell shares of common stock in the proposed offering. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size, price or other terms of the offering.

Evercore ISI, Citigroup and Guggenheim Securities are acting as lead book-running managers for the proposed offering. BofA Securities is also acting as a joint book-running manager for the proposed offering. Baird, Raymond James and William Blair are acting as bookrunners for the proposed offering. Lyntris has applied to list its common stock on the New York Stock Exchange under the ticker symbol “LYNX”.

The proposed offering will be made only by means of a prospectus. When available, copies of the registration statement and the preliminary prospectus included therein may be obtained by visiting EDGAR on the SEC’s website at www.sec.gov or may also be obtained from: Evercore ISI, Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by telephone: (888) 474-0200 or by email: ecm.prospectus@evercore.com; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone: (800) 831-9146; and Guggenheim Securities, LLC, Attention: Equity Syndicate, 330 Madison Avenue, New York, New York 10017 or by email: gsequityprospectusdelivery@guggenheimpartners.com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Lyntris
Lyntris is a defense technology company delivering “sense-to-act” connectivity solutions for the modern, connected battlespace. Combining differentiated hardware, software and mission expertise, Lyntris helps customers to detect threats earlier, decide faster and act with precision in contested, multi-domain environments.

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TELUS transforms legacy telecommunications site into 195 new homes for Nanaimo

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Across Canada, demand for rental housing continues to outpace supply. TELUS Living is helping address this challenge by transforming existing TELUS properties into smart, sustainable homes in communities where new housing is needed most.

NANAIMO, BC, July 23, 2026 /CNW/ — TELUS Living today opened a new 195-home purpose-built rental community in downtown Nanaimo, transforming a former telecommunications property into smart, sustainable housing that helps address one of Canada’s most pressing challenges: increasing rental supply in growing communities. Located at 235 Wallace St, the multi-storey, mixed-use build features 195 purpose-built rental units, providing much-needed housing supply to downtown Nanaimo, while thoughtfully honouring the city’s unique coastal identity and heritage.

The Nanaimo development is part of TELUS’ long-term strategy to repurpose legacy telecommunications infrastructure into purpose-built rental housing as the company modernizes its network and completes the transition from copper to PureFibre technology. The Nanaimo community joins TELUS Living’s growing portfolio of developments that are transforming underutilized TELUS properties into housing across Canada.

“The Nanaimo development represents exactly what TELUS Living stands for by providing purpose-built rental housing tailored to the specific needs of the community it serves. We’ve designed 235 Wallace St with Nanaimo’s unique character in mind, offering a curated lifestyle that blends a climate-conscious, Zero Carbon Design approach with top-tier wellness and smart-tech amenities,” said Manasweeta Bhatia, Vice President of Corporate Real Estate at TELUS. “We shape every TELUS Living project by listening to the community, understanding its unique identity and design needs, and building accordingly. Its central downtown location and proximity to both Vancouver Island University and Nanaimo Regional General Hospital also position it as an ideal home for students, educators, and healthcare workers seeking modern, connected living.”

“More housing and good jobs are a win-win for downtown Nanaimo,” said Sheila Malcolmson, MLA for Nanaimo-Gabriola Island. “Adding to the approximately 1,500 affordable homes our B.C. government has completed and underway in Nanaimo, it’s great to see TELUS stepping up with 195 new units. It’s been great to see hundreds of construction and indirect jobs in town, and I can’t wait to see folks move into their new homes.”

“I’m thrilled to see a new rental option in downtown Nanaimo, and especially excited that this conversion was made with sustainability and active transportation in mind,” said George Anderson, MLA for Nanaimo-Lantzville. “Ensuring everyone can find homes they can afford in the communities they love requires creative approaches, and I hope to see more creativity like this in the future.”

“I’m delighted to celebrate the opening of TELUS Living Nanaimo, a landmark project that strengthens our downtown as a vibrant, inclusive place to live,” said Leonard Krog, Mayor of Nanaimo. “This partnership between the City of Nanaimo, our community, and TELUS demonstrates what’s possible when we work together toward shared goals. The addition of nearly 200 diverse housing options is exactly what our city needs, and we’re excited about the positive impact this will have on our community. TELUS’ commitment to our city and investment in our future will contribute to Nanaimo’s economic and social vitality.”

Situated within walking distance of downtown’s vibrant cafes, eclectic Old City Quarter, the iconic Harbourfront Walkway, and a short transit ride from Vancouver Island University and Nanaimo Regional General Hospital, the development is architecturally designed to blend classic and contemporary exterior elements. Curated for modern living, the community offers an expansive suite of indoor and outdoor social amenities alongside street-level retail and public art contributions.

Project Highlights:

Smart-Enabled Living: Powered by the TELUS PureFibre network, the custom TELUS Living App provides keyless entry, smart climate control, leak detection, parcel notifications, visitor management, and amenity bookings.Social & Wellness Amenities: Features a rooftop deck with an outdoor kitchen, BBQs, and panoramic views, alongside a state-of-the-art fitness centre and resident lounge.Pet & Active Lifestyle Ready: Equipped with a dedicated children’s outdoor play area, outdoor bark park and pet care station, secure underground parking, bike storage and maintenance facilities.Premium Functional Interiors: Studio to three-bedroom layouts include private balconies, individual A/C with Energy Recovery Ventilators (ERVs) for optimal air quality, Samsung SmartThings appliances, and in-suite laundry.Gold-Standard Sustainability: Sets a Vancouver Island benchmark aligned with Zero Carbon Design standards and Salmon-Safe development guidelines that actively protects local ecosystems.

This opening marks a significant milestone in TELUS Living’s mission to transform existing real estate holdings into purpose-built rentals that bridge the housing gap with smart, sustainable, and community-focused developments. As TELUS completes its transition from legacy copper to advanced fibre networks, the company is transforming its historic central offices–which once served as the backbone of B.C.’s phone system–into vibrant, smart, purpose-built rental communities. TELUS Living is breathing new life into these properties to help address Canada’s housing crisis. For more details on TELUS Living Nanaimo or to view available floor plans, please visit telusliving.com/nanaimo.

About TELUS

TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 17 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. TELUS Health is enhancing approximately 170 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. TELUS Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. TELUS Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients. Guided by our enduring ‘give where we live’ philosophy, TELUS continues to invest in initiatives that support education, health and community well-being. In 2023, we launched the TELUS Student Bursary, which strives to ensure that every young person in Canada who wants a postsecondary education has the opportunity to pursue one. To date, the program has distributed over $6 million in bursaries to 2,000 students and counting. Since 2000, TELUS, our team members and retirees have contributed $1.85 billion in cash, in-kind contributions, time and programs, including 2.5 million days of service–earning TELUS the distinction of the world’s most giving company.

For more information, visit telus.com.

For more information, please contact:
Brandi Rees
TELUS Public Relations
brandi.rees@telus.com 

SOURCE TELUS Communications Inc.

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