THE EFFECT ON FUTURE HOME BUYERS

BRANTFORD REAL ESTATE AGENT
As part of Ontario’s efforts and plans to reduce carbon emissions and be more energy efficient, they have an action plan in place for buildings and homes. Some of the actions include improving efficiency in multi-residential buildings and public institutions and widening low-carbon energy choices for homeowners. This can have an effect on future home buyers. Below are the points of the plan that impact home-owners and prospective buyers.

  1. Improve energy efficiency in multi-tenant residential buildings.
    Better energy efficiency in multi-tenant residential buildings will improve comfort for residents and free up money for owners to make home renovations and other investments. This action will:a) Retrofit social housing apartments
  2. b) Protect tenants from the price of carbon
  3. c) Provide incentives for apartment building retrofits

 

  1. Help homeowners reduce their carbon footprint by supporting additional choice.

There is technology available today that can significantly reduce energy demands and greenhouse gas pollution. Homeowners will be given the tools and resources to help make the right choice for them. This action will:

  1. Boost low-carbon technology in homes: Ontario intends to help homeowners purchase and install low-carbon energy technologies such as solar thermal and solar energy generation systems that reduce reliance on fossil fuels for space and water heating.
  2. Help retire older wood stoves: A new program targeting northern and rural communities, including Indigenous communities, would encourage households to switch out older polluting wood stoves for new high-efficiency wood stoves.
  3. Near net zero carbon home incentive : Rebates will go to individuals who purchase or build their own near net zero carbon emission homes, with energy efficiency performance that sufficiently exceeds the requirements of the Building Code. In addition to reducing the higher up-front costs for homebuyers, this program will encourage construction of high-efficiency homes that pollute less.
  4. Keep electricity rates affordable

 

  1. Set lower-carbon standards for new buildings.  Update the building code: The government intends to update the Building Code with long-term energy efficiency targets for new net zero carbon emission small buildings that will come into effect by 2030 at the latest, and consult on initial changes that will be effective by 2020.

 

  1. Promote low-carbon energy supply and products. Establish low-carbon content for natural gas: Ontario intends to introduce a renewable content requirement for natural gas and provide supports to encourage the use of cleaner, renewable natural gas in industrial, transportation and buildings sectors. The goal is to ensure the lowest possible carbon content to help reduce building and transportation emissions.

 

  1. Help individuals and businesses manage their energy use and save money

By better understanding how people use energy, Ontarian’s can make informed choices on how to change their behaviours to help lower greenhouse gas pollution and fight climate change ― as well as how to save money through reduced energy use. This action will:

 

  1. Provide free-energy audits for pre-sale homes: Energy audits will be required before a new or existing single-family home can be listed for sale, and the energy rating will be included in the real estate listing. These audits are intended to be provided free of charge under this plan.
  2. Boost public access to climate change tools: Ontarians would have access to a wide range of climate change tools to help them reduce carbon emissions. Publicly accessible tools will include carbon calculators, solar potential mapping, municipal level emissions data, climate change training materials, and guidance documents for businesses, municipalities and homes. These will be available starting in 2017.