New Energy Audit Bill

Friday, May 29, 2009

by Keith Williams

Amended Energy Audit Bill Passed - Not Yet In Effect

Bill 150, the new Provincial legislation making home energy audits mandatory for home sellers, has been passed however the Bill's requirements regarding the audit are not yet in effect, until some time in 2010.

As originally passed, Bill 150 would have required all home sellers to provide information through standardized energy audits, about the home's energy efficiency to a buyer before they could sell the property to them. After the Toronto Real Estate Board and Ontario Real Estate Association worked to raise concerns about this proposal, Bill 150 was amended to allow Buyers to waive this requirement.

The Province must now work out the details on how the home energy audit will be implemented. The requirement will not take effect until these details are finalized. Undoubtedly, the requirement will add to the cost of selling a home in Ontario.

by keith williams

6/3/2009

Thanks, Marshall. Good in theory but being run and administered by the gov, I can't see it being much more than a money grab.
by Marshall Spencer

6/3/2009

Thanks for the timely information Keith ... my personal "jury" is out on this mandatory energy audit. Trying to decide between a cash-grab and yet another tax on the homeowner or a really good idea whose time has come (if done properly).