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TD Economics looks at the Impact of ‘Green’ Buildings on the Toronto Condo Market
Special Report: TD Economics
TD Economics looks at the Impact of ‘Green’ Buildings on the Toronto Condo Market
Special Report: TD Economics
Published 05-15-15
Submitted by TD Bank
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
TD Bank
TD Bank
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD). TD is the sixth largest bank in North America by branches and serves approximately 22 million customers in four key businesses operating in a number of locations in financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Auto Finance Canada; Wealth and Insurance, including TD Wealth, TD Direct Investing, an investment in TD Ameritrade, and TD Insurance; U.S. Personal and Commercial Banking, including TD Bank, America's Most Convenient Bank, and TD Auto Finance U.S.; and Wholesale Banking, including TD Securities. TD also ranks among the world's leading online financial services firms, with approximately 8 million active online and mobile customers. TD had CDN$835 billion in assets on July 31, 2013.The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
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