For a generation of Canadians, a detached house on a private lot was the standard first home. Today, with property at a premium, sprawling suburban lawns and quiet family homes are being traded for condominium towers by first-time home-buying millennials and downsizing baby boomers.
A new report on green condominiums in Toronto finds resale prices increase when projects are Leadership in Energy and Environmental Design (LEED)-certified. TD Economics’ “The Market Benefits of Green Condos in Toronto” stated LEED-certified buildings represent an increasing share of new construction, including the condo market.
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