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How much would you pay to be green?

by Rick on Jun.23, 2010, under Uncategorized

Signs of the greening of the housing industry may be popping up everywhere like wildflowers dotting an eco-friendly lawn in spring – but many consumers balk when it comes to putting their money on the line. Several recent polls have suggested that people interested in renovating or buying a home, and products for it, also want their choices to be good for the planet. A TD Canada Trust Green Building Poll conducted last fall by Ipsos Reid found that 73 per cent of Canadian homeowners, or those considering buying a home, would be willing to pay a premium for environmentally friendly features. Toronto realtors and contractors, who have a special interest in green homes, say although interest in this market is intense, the reality is that green initiatives can be costly. How, or if, they’re implemented can depend on a buyer’s commitment, awareness and education. “Going green is good – everybody knows that – but the cost of going green is a real, real issue (for many homeowners),” says city realtor Catharine Palmer. She says many people are content “to do their `green thing’ by taking the vehicle, taking the subway, or buying a bike.” And some Canadians are still skeptical of the movement, she says, with 64 per cent in one poll rating the “green” products claim as a marketing ploy.

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