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