The Ontario Real Estate Association has successfully fought back against the Home Energy Rating and Disclosure (HER&D) program.
Since 2016, OREA has been fighting to stop HER&D.
If implemented, HER&D would require a home owner to conduct an energy audit before listing their home for sale. The program put home owners of older homes, at a huge disadvantage. Receiving a low energy score on an older home could cost an owner thousands of dollars in hard-earned equity.
This week, OREA received a letter from the government which stated, “The province has decided not to proceed with the implementation of a HER&D program at this time.” This means that the province has listened to OREA and put the brakes on HER&D.
While this is another big win for REALTORS® and home owners, this issue has been a wakeup call. Governments at all levels are struggling to address issues relating to climate change and the housing sector is being asked to play a part in that endeavor.
Enter Blog Post Here