Comment 29168

By JonC (registered) | Posted February 27, 2009 at 09:45:18

I just nerded this board up hardcore.

Back to the original post. The audit shouldn't lower the value of your home as long as it's consistent with your neighbourhood. Anyone who thinks they are going to be able to reduce the sale price by 10k to have the windows replaced in an older home is dreaming. The quality of your home is already factored into the market value.

I posted this elsewhere, but I think requiring the audit if you aren't going to force action to remediate the issues is pointless. Having said that, the easiest way to deal with the bureaucracy of the program is to make it a CMHC requirement and put the cost of the inspection into the premium they already charge. While that may sound unfair (only including insured purchases), anyone that has gone through the effort of putting away 20% down payment (anything less is insured, except for the occasional sub-prime mortgage and no one should be rushing out to purchase at those rates) should be well versed in the housing market and have an idea about energy costs.

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