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Tag Archives: LEED Certified

Number of benefits to LEED-certified condos

Toronto Real Estate Board President’s column as it appears in the Toronto Star

There’s no doubt that homebuyers are drawn to the luxury and in many cases, affordability, that Toronto condominiums offer. As a result, the GTA’s population is booming; it currently ranks as the fifth largest city region in North America behind Mexico City, New York City, Los Angeles and Chicago. And it’s interesting to note that as the GTA grows up, it’s also going green.

From schools to office buildings, municipal facilities to retail outlets, buildings throughout the GTA are working to earn Leadership in Energy and Environmental Design (LEED) certification.

It is a rating system in which points are awarded for environmentally friendly building characteristics in five key areas: sustainable site development, water efficiency, energy efficiency, materials selection, and indoor environmental quality.

An internationally accepted third-party certification program, it provides building operators with tools to have an immediate and measurable impact on their buildings’ performance.

According to recent reports, the Canadian Green Building Council (CaGBC), the non-profit organization that implements LEED, has more than one thousand projects registered, with approximately one-third of all projects located in Ontario.

In Canada for only five years, the LEED program has been widely embraced and certainly by no one more than Toronto condominium developers.

To qualify for this coveted status today’s condominiums are built with energy efficient heating and cooling systems, low VOC paints and finishes, and low-E argon-filled windows.

You’ll also find innovative energy-saving ideas like rainwater collection facilities, motion sensor lighting in stairwells, and two-chute disposal systems for convenient recycling on every floor.

LEED condos feature individual suite controls that allow you to monitor and limit energy usage, all off switches, programmable thermostats and energy-efficient appliances.

Building amenities include lush rooftop gardens, individual storage units, covered parking for bicycles, close proximity to transit lines and direct access to car sharing company services.

If you’re drawn to the idea of owning a green home you’re not alone. In a Nielson Canada-wide survey of attitudes towards green homes 85% of respondents claimed that certification of the home would play an important role in their buying decision and 82% said they would be willing to invest more money in a home purchase if it was certified.

Beyond helping the environment, there are a number of other benefits to buying a LEED certified condominium. You’ll enjoy better indoor air quality, lower costs for water and electricity usage and likely, a more active lifestyle. You might even enjoy a lower home insurance premium and achieve higher resale value.

If you’re interested in finding out about the many benefits of LEED-certified condos, talk to a Greater Toronto Realtor.

Toronto Real Estate Board Members not only have access to up-to-the-minute data on resale housing, they also have special access to a database that contains detailed information on 95% of all new construction developments in the GTA that are greater than 15 units in size.

Some Realtors have even pursued special training offered by the National Association of Green Agents and Brokers. Look for the ACCREDITED GREENAGENT™ and ACCREDITED GREENBROKER™ designations.

For more information on the home buying and selling process, neighbourhood profiles and the latest market statistics visit www.TorontoRealEstateBoard.com.

Tom Lebour is President of the Toronto Real Estate Board, a professional association that represents 28,000 Realtors in the Greater Toronto Area.

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Contact the Jeffrey Team for more information  -  416-388-1960

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  • Vertical City – Toronto is growing up and going green

    The Toronto Real Estate Board President’s Column as it appears each Friday in the Toronto Sun Resale Homes and Condos section

    In a recent column I talked about how the Greater Toronto Area is becoming a vertical city, with almost one in every three homes that changes hands being a condominium.

    There’s no doubt that homebuyers are drawn to the luxury and in many cases, affordability, that Toronto condos offer. As a result, the GTA’s population is booming; it currently ranks as the fifth largest city region in North America behind Mexico City, New York City, Los Angeles and Chicago. And it’s interesting to note that as the GTA grows up, it’s also going green.

    From schools to office buildings, municipal facilities to retail outlets, buildings throughout the GTA are working to earn Leadership in Energy and Environmental Design (LEED) certification.

    It is a rating system in which points are awarded for environmentally friendly building characteristics in five key areas: sustainable site development, water efficiency, energy efficiency, materials selection, and indoor environmental quality.

    An internationally accepted third-party certification program, it provides building operators with tools to have an immediate and measurable impact on their buildings’ performance.

    According to recent reports, the Canadian Green Building Council (CaGBC), the non-profit organization that implements LEED, has more than one thousand projects registered, with approximately one-third of all projects located in Ontario.

    In Canada for only five years, the LEED program has been widely embraced and certainly by no one more than Toronto condo developers.

    To qualify for this coveted status today’s Toronto condos are built with energy efficient heating and cooling systems, low VOC paints and finishes, and low-E argon-filled windows.

    You’ll also find innovative energy-saving ideas like rainwater collection facilities, motion sensor lighting in stairwells, and two-chute disposal systems for convenient recycling on every floor.

    LEED condos feature individual suite controls that allow you to monitor and limit energy usage, all off switches, programmable thermostats and energy-efficient appliances.

    Building amenities include lush rooftop gardens, individual storage units, covered parking for bicycles, close proximity to transit lines and direct access to car sharing company services.

    If you’re drawn to the idea of owning a green home you’re not alone. In a Nielson Canada-wide survey of attitudes towards green homes 85% of respondents claimed that certification of the home would play an important role in their buying decision and 82% said they would be willing to invest more money in a home purchase if it was certified.

    Beyond helping the environment, there are a number of other benefits to buying a LEED certified condominium. You’ll enjoy better indoor air quality, lower costs for water and electricity usage and likely, a more active lifestyle. You might even enjoy a lower home insurance premium and achieve higher resale value.

    If you’re interested in finding out about the many benefits of LEED-certified condos, talk to a Greater Toronto Realtor.

    Toronto Real Estate Board Members not only have access to up-to-the-minute data on resale housing, they also have special access to a database that contains detailed information on 95% of all new construction developments in the GTA that are greater than 15 units in size.

    Some Toronto Realtors have even pursued special training offered by the National Association of Green Agents and Brokers. Look for the Accredited Green Agent™ and Accredited Green Broker™ designations.

    For more information on the home buying and selling process, neighbourhood profiles and the latest market statistics visit www.TorontoRealEstateBoard.com.

    Tom Lebour is President of the Toronto Real Estate Board, a professional association that represents 28,000 Realtors in the Greater Toronto Area.

    ————————————————————————————————————

    Contact the Jeffrey Team for more information  -  416-388-1960

    ————————————————————————————————————

    Don’t Underestimate the Power of Information in Pursuing Sustainability

    By Rob Watson – greenerbuildings.com

    An interesting experiment conducted in the residential sector found that energy consumption in a subdivision of essentially identical homes varied by up to 30% depending on whether the electricity meter was located in the basement or in the front hall.

    However, information alone – prices in particular – isn’t sufficient. For example, pricing information on fisheries and endangered animal parts results in the perverse incentive that, as rare creatures get more expensive, competition increases to harvest the remaining stocks.

    In the last year, LEED has come under criticism for not basing its ratings on actual energy use. Indeed, the USGBC-commissioned New Buildings Institute study of energy use in LEED Certified buildings found that less than a quarter of the buildings surveyed had records of actual energy use. This is pretty sad, considering that the owners and managers of LEED Certified properties are nominally the crème de la crème of the real estate industry.

    Already concerned about improving the linkage between LEED certification and measured resource consumption, the USGBC developed and released a requirement that LEED-certified buildings report their energy and emissions profile as part the LEED 3.0 package. Now, proving the adage that “no good deed goes unpunished,” Shari Shapiro has written how lawyers are now grumbling that LEED’s reporting requirement may result in increased liability exposure and slow the uptake of the system.

    The right kind of information is that which supports the right kind of action, perhaps with a dash of good old-fashioned public shame. Meadows wrote about the power of the Toxic Release Inventory (TRI). The TRI was instituted in 1986, over the howls of protest from the chemical industry, and by 1990 emissions released into the environment decreased by 40%! One firm in the Top 10 largest polluters reduced emissions by 90% just to get off the list.

    Maybe it’s time for a “Carbon Release Inventory” or an “Energy Consumption Index” for buildings. A CRI/ECI would require building owners or utilities to publish their energy and carbon emissions. Then it would be relatively simple for watchdog groups to publish “Dirty Dozen” types of lists.

    Deceptively simple on its surface, such an index probably would need some normalization for type of occupancy, building size, etc. Since it would be local/regional in nature, we wouldn’t need to worry about variations in climate as an explanatory element. Given the hidden complexity of the task and the requisite reluctance from building owners and developers, I wouldn’t hold my breath waiting for these indices.

    The Energy Passport is a related idea that could be implemented much more easily. Conceived in the early ’90s by Dr. Yuri Matrosov of the Moscow Center for Energy Efficiency (CENEf), Energy Passport programs were first adopted in Moscow, then in Germany, which is now pushing for it to be implemented in the EU as a whole.

    The initial Energy Passport is based on modeled energy use and then actual energy use is compared each year with predicted use, which then could be accessed by tenants and others. Clearly, comparing actual energy use with predicted energy use, as well as consumption trends over time, would give designers and developers an incentive to get the prediction right in the first place (parenthetical note, without clear modeling rules it is shockingly easy to game the results of energy models), as well as provide a clear benchmark for operators to manage their buildings more closely.

    This is all well and good for owner-occupied buildings, but multi-tenant facilities will need to complement a building-level metric with proper lease documents (see the new “Green Lease Guide” released by BOMA), sub-metering equipment and other infrastructure. The Cascadia Chapter of the USGBC has just sponsored an interesting report on code and other structural barriers to so-called Living Buildings. Doubtless many of these recommendations would improve the information feedback of our wasteful ways to building owners and occupants.

    The fact that energy saving projects worth millions of dollars of are sprouting up everywhere — from Dell (imagine that … we can save energy by turning off computers that aren’t being used!) to naval bases in the middle of the Pacific — demonstrates the power of simply making energy and carbon a topic of discussion. Imagine the impact of providing real, useful and targeted information to energy professionals designing and operating our buildings.

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