TD Economics looks at the Impact of ‘Green’ Buildings on the Toronto Condo Market
Special Report: TD Economics
May 15, 2015 3:00 PM ET
May 15, 2015 /3BL Media/ - TD Economics has released a special report titled “The Market Benefits of Green Condos in Toronto.”
The report shows that:
- Leadership in Energy and Environmental Design (LEED) certified, or ‘green’ buildings represent an
- increasing share of new construction, including the condominium market.
- Limited research exists linking LEED status in residential buildings to market outcomes such as
- resale price, days on market, maintenance/condo fees, and others.
- Using a novel dataset, we find that LEED certification increases the resale price of Toronto condos
- by between 5% and 14%. The impact on other metrics, such as time on the market and maintenance
- fees, is found to be mixed.
To read the full report, visit The Market Benefits of ‘Green’ Condos in Toronto
