Point redemption amounts for IHG Reward Nights at approximately 400 hotels will change, starting February 17, 2016. Please take a look at the chart from link above for hotels where redemption amounts will change 5,000-10,000 points. Note that some point amounts are increasing, while others are decreasing.
If your plan to redeem rewards nights in Canada the good news is more hotels are going down then up. Out of 11 hotels changing in Canada, 7 of them are going down by 5,000 points.
One bad news is we see the introduction of new 55,000 and 60,000 point levels. This is not a great news for those higher end hotels around the world (including some famous hotels in Paris, Las Vegas, Bora Bora, New York, Hong Kong etc).