Just a little update!
Members should be aware that regulations for mandatory home energy audits have not yet been created and there is currently no schedule for implementation of that section of the Green Energy Act. The pertinent regulations may be drafted in the upcoming session of Provincial Parliament. Members will recall that a waiver clause was inserted in the legislation, thanks to lobbying efforts by the Ontario Real Estate Association and our own Government Relations Committee, which will allow a buyer to waive, in writing, his or her right to an energy audit. The Board will keep an eye on this issue and advise members when the regulations are created and an implementation date is set.
Mary-Anne
Source: The Ottawa Real Estate Board
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