Real Estate Market
Federal government will pay up to $5,000 if you make your home more energy efficient
The government of Canada is launching a new program today that offers Canadians grants of up to $5,000 to pay for energy-saving home upgrades.
Prime Minister Justin Trudeau and Natural Resources Minister Seamus O'Regan rolled out the Canada Greener Homes Grants program today — worth about $2.6 billion over seven years — to help homeowners upgrade heaters, install solar panels and replace windows and doors.
"As a country, every effort counts to keep our air clean and our environment healthy," Trudeau said Thursday. "We know that these retrofits can sometimes be out of reach, so our government is now making them more affordable for Canadians."
Homeowners will be able to receive grants of up to $5,000 to make energy efficient retrofits to their primary residences, and up to $600 to help with the cost of home energy evaluations.
Trudeau said the grants will help 700,000 homeowners lower their bills and keep their houses warmer in the winter.
People across the country are able to apply online starting today (the government says the landing page for applications was down earlier today due to high demand). An application starts with an energy evaluation by a certified adviser. That adviser visits an applicant's home and determines which energy-saving measures would qualify for reimbursement.
If the homeowner chooses to proceed, a licensed contractor would then be hired to conduct the retrofits. After an inspection of the completed work, the homeowner would be reimbursed.
It's estimated that private homes and buildings are among the largest sources of carbon emissions in Canada, contributing about 18 per cent of the country's emissions.
Last week,it's providing up to $10 million to recruit, train and mentor 2,000 people to conduct energy audits.
WATCH | Prime minister unveils $2.6 billion home retrofit program
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Eye-popping price acceleration in Île-Perrot as Montreal records steepest price increases on record
Fewer and fewer single-family homes in the West Island are listed for under $350,000 on Centris than 10 years ago.
It’s no surprise that home prices are rising fast in Montreal. But it may shock you to learn just how high prices have climbed in only a single year.
The median price of single-family homes in the Montreal CMA is now $463,000, an increase of 29 per cent compared to the first quarter of last year. It’s the highest increase ever recorded since the Centris system began compiling data in the year 2000.
In Montreal, the median price today is over $100,000 more than it was a year ago. But that’s nothing compared to the price increases in some West Island and Off-Island areas.
The area with the greatest price acceleration in all of Greater Montreal right now is Île-Perrot, where the median price is now just over half a million — a 43 per cent increase in one year. That’s more than $150,000 more than the year before.
The median price in the southern part of the West Island is also increasing much more rapidly than average, rising 37 per cent to $792,000, or a $212,000 increase.
According to the Quebec Professional Association of Real Estate Brokers’ quarterly Housing Market Barometer report, half of all homes sold in Vaudreuil-Soulanges via the Centris platform went for over $470,000 — a 29 per cent increase from the previous year, and a 50 per cent increase from five years ago when the median price was just $272,500.
Ten years ago, half of all single-family homes in the West Island sold for less than $331,500, while the median price was just $242,000 in Vaudreuil-Soulanges. Today, a quick search on Centris.ca turned up just 10 homes listed at less than $250,000 in Vaudreuil-Soulanges — and even fewer single-family homes in the West Island for less than $350,000.
Sometimes it’s hard to picture just what a percentage increase means in real terms, so here’s a little timeline of the median prices in our area over the past five years:
|Q1 2021||Q1 2020||Q1 2019||Q1 2018||Q1 2017||Q1 2016|
|West Island South||$792,000||$580,000||$530,000||$491,500||$435,000||$402,597|
|West Island North||$630,000||$505,000||$460,000||$429,900||$380,000||$360,000|
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