The top 7 must-have energy-efficient appliances in Ontario’s rentals

With ever-increasing energy costs and pressing environmental concerns, energy-efficient appliances can hardly be termed a luxury but rather a necessity. In Ontario's competitive rental market, offering energy-efficient homes is a sure way of distinguishing your property while attracting environmentally sensitive tenants and saving on running costs. As one of Canada's leading property management and leasing companies, Royal York Property Management has a portfolio value of over $10.1 billion with over 22,000 properties under management. Our commitment to sustainability means we need to stay on course, incorporating innovative and energy-efficient solutions into our properties. Here are the seven most important appliances that will give decision-makers and rental investors the edge regarding energy efficiency for Ontario rentals in 2024.

Energy-Efficient Refrigerators

Considering that refrigerators are among the largest energy consumers in any home, energy-efficient models become quite an important investment. They reduce electricity bills while minimizing greenhouse gas emissions. Smart technology, a typical feature of most contemporary energy-efficient refrigerators, facilitates control or monitoring from remote locations. Improved insulation and cooling systems have also been advanced to try to enhance their efficiency. For instance, replacing them with models that have the Energy Star certification can result in energy cost savings of up to 15% over non-certified units.