On February 23, the Government of Ontario introduced Bill 150 the Green Energy and Green Economy Act (GEA), 2009. Included in Bill 150 is a provision that will require all home owners to provide an energy audit report to prospective buyers. Currently, the bill is in the second reading stage of the legislative process. To read Bill 150 in full click here.
While OREA supports the principles of energy conservation and environmental stewardship that are enshrined in the GEA it opposes any policy that imposes unnecessary costs on homeowners and delays on real estate transactions. Instead, OREA supports the existing government program that encourages homeowners, through rebates, to assess the energy efficiency of their home voluntarily.
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