Rental Listings With Energy Scores Prompt Greener Choices
When US renters can compare the energy efficiency of houses or apartments, they are 21% more likely to choose an efficient one, a new study found.
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When US renters can compare the energy efficiency of houses or apartments, they are 21% more likely to choose an efficient one, a new study found.
Sales of previously owned US homes fell in April to the lowest since June 2020, held back by lean inventory, as well as rising prices and mortgage rates.
US mortgage rates slipped slightly, the first decrease since late April, as the housing market adjusts to a central bank working to stifle the hottest inflation in more than four decades.
Company’s effort to acquire newer homes follows earlier bet on VineBrook’s older properties.
Heat pumps are highly efficient electrical devices that can heat and cool homes. The tech could save Europe an estimated 60 billion euros in annual natural gas import costs.
Feb 16, 2017
Toronto Mayor John Tory is rejecting the notion the city’s housing market is in a bubble and insists the rapid rise in home prices shows the market is healthy.
“Reports will come out from economists – I don’t dismiss them, I read them all – but I also talk to a lot of people in the federal government, the provincial government [and] in the private sector and none of those people, to a person, has as yet told me there is any kind of panic driven or panic-inducing situation,” Tory told reporters on Thursday.
“There is a robust market with rapidly rising prices at the moment which is of course a concern – but it is a concern more because it makes it harder for people to buy a home as opposed to a concern that we should be pushing panic buttons,” he said.
Tory’s comments come a day after BMO Chief Economist Doug Porter released a report labelling housing markets in Toronto and surrounding communities as bubbles. “Prices in Greater Toronto are now up a fiery 22.6 per cent from a year ago, the fastest increase since the late 1980s—a period pretty much everyone can agree was a true bubble,” Porter wrote in the report.
But those soaring home prices show Toronto’s housing market is working as it should, according to Tory.
“People are coming to the city in great numbers, wanting to live here and wanting to buy homes here,” he said Thursday, calling those symptoms of “a reasonably healthy market.”
“I think the Toronto housing market is not such that we need to push any panic buttons, we just need to keep an eye on it and be responsible in how we run the government and most of all work on increasing the supply of housing.”
Tory says he is not contemplating any “knee-jerk” measures to cool the housing market. Rather, he is calling on the provincial and federal governments to work with the city to increase the supply of affordable housing. “The city has to act responsibly to make sure we increase the supply of affordable housing – and we need to do that in partnership with the other governments,” he said.
Earlier Thursday, credit ratings agency FitchRatings rated Canada’s housing market as “stable/negative,” largely as a result of what it calls unsustainable house price increases in cities such as Toronto and Vancouver. Canada was one of only three countries given the “negative” label.