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Home sellers face $300 'green' audit

Ontatio's clean-energy bill would raise hydro rates and promote alternative power

Ontario residents won't be able to sell their houses or condos without first getting a home energy audit – which now costs about $300 – under the proposed new Green Energy Act. That's one of several measures in the legislation unveiled by Energy Minister George Smitherman to boost incentives for electricity conservation and encourage renewable sources of energy.

Critics fear the energy audits and Smitherman's estimated 1 per cent rise in household electricity bills as a result of the law will pinch pocketbooks as the recession deepens. "It'll be used to beat down the seller of a home," Progressive Conservative MPP and energy critic John Yakabuski warned of the audit, which would put detailed information on a home's energy efficiency into the hands of buyers.

Toronto homeowners are already concerned about the impact the city's new land transfer tax – in addition to the provincial one – is having on sales and prices. Both taxes add up to thousands of dollars even on cheaper houses.

While homeowners will have to get a private contractor to do an energy audit before selling, there will be no requirement to take any action – the measure is simply intended to inform potential buyers what state of energy efficiency a property is in so they can take action if desired.

See full story in the Toronto Star »

February 24, 2009 in Selling Toronto Real Estate | Permalink

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Comments

Wow this is such a great idea. With energy audit, people who would want to buy a house or condo can decide whether it can consume a big volume of energy or not. This is certainly a great way to promote electricity conservation.

-Audrey

Posted by: Wheat Ridge Colorado homes for sale | Mar 19, 2009 9:11:44 PM

An energy audit is such a great idea. Years ago persons always considered the average cost of utilities, and energy efficiency. With the current market adjustment persons buying or selling would be smart to make their homes cost and comfort effective.

Posted by: Prince William Homes | Mar 1, 2009 8:17:00 PM

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