The Minister of Energy and Infrastructure has indicated that the government’s proposal, through Bill 150, to make home energy audits mandatory in housing transactions, will be amended to allow home buyers to opt out. This is a significant change, which comes after strong efforts from OREA, TREB and all Members. Bill 150 has not yet been passed and is not in effect.
Under the provincial government’s original proposal, home sellers would be required to provide information, through standardized energy audits, about the home’s energy efficiency to a buyer before they could sell the property to them. The Minister has now indicated that this proposal will be amended to allow buyers to opt out of this requirement.
Source: Toronto Real Estate Board
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