LoookingForDeals
May 27th, 2009, 11:05 AM
Energy Minister George Smitherman’s proposed legislation, Bill 150, the Green Energy and Green Economy Act, has been passed in legislation. The bill would make an energy audit compulsory for the sale and some leases of every residential property in Ontario, including houses, apartments, and condominiums. Commercial and industrial is not included. The legislation proposes that home sellers provide information via standardized energy audits, regarding the energy efficiency to a buyer before they could sell the property to them. However, the bill was amended to allow buyers to waive this requirement. Its not expected to go into effect until 2010 when requirements are expected to be finalized.