Toronto home buyers are certainly being drawn to luxury and choosing a condo offers affordability, when making the decision to buy within this urban city. The GTA population is booming in size, ranking as the fifth largest city in North America. While growing in size, being "green" is becoming more popular and necessary.
Buildings ranging from schools to office buildings, retail outlets, municipal buildings to condo's are working to earn "Leadership in Energy and Environmental Design" (LEED) certification.
The LEED rating system has points awarded for environmentally friendly building characteristics in 5 key areas:
- Sustainable site development
- Water efficiency
- Energy efficiency
- Materials selection
- Indoor environmental quality
It's an internationally accepted third-party program that provides building operators with tools to have an immediate and measurable impact on their building's performance, with certification.
Condominium developers have widely embraced the LEED program, which has only been in Canada for five years.
Today's condo's wanting to qualify for this coveted status are being built with energy efficient heating and cooling systems, low VOC paints and finishes, and low-E argon-filled windows. They are also including energy-saving ideas like rainwater collection facilities, motion sensor lighting in stairwells and two-chute disposal systems for recycling on every floor.
LEED condos feature such luxurious and green features as individual suite controls that allow the resident to monitor and limit energy usage, all off switches, energy efficient appliances and programmable thermostats. The building amenities could include lush rooftop gardens, individual storage units, covered parking for bicycles, close distance to transit lines and direct access to "car sharing services". Not owning that extra car is becoming easier while living in Toronto!
Reasons for being interested in LEED certified condominiums range from helping the environment to the benefit of enjoying better indoor air quality, lower costs for water and electricity usage and a more likely active lifestyle. You might also see a lower home insurance premium and a higher resale value for your suite. The demand for "green" is growing and according to the Nielson Canada-wide survey of attitudes towards buying green homes, 82% or respondents claimed they would be willing to invest more money in a home purchase if it was certified.
If you are interested in finding out the benefits of LEED-certified condos and up-to-the-minute details contact April Esteves, Sales Representative to assist you with the buying and selling process.