What are the top energy-saving tips for Ontario landlords?

Being a good landlord in the province of Ontario, Canada, gives you the golden opportunity to positively impact both the lifestyle of your tenants and the environment. Besides saving on your operation costs, you will be providing a sustainable future for all.

At Royal York Property Management, we always stress the importance of energy efficiency and want to guide landlords in implementing effective energy-saving measures. Being rated number one in property management for six years running, Royal York Property Management assures property owners of the ability to relax and diversify their portfolios while professionally managing complexities.

Competitive in the Ontario landscape, the property management portfolio is strong and now includes 22,000 properties valued in excess of $10.1 billion in combined assets. In the following, we will explore all the latest insights and practical tips on how you can maximize energy efficiency in your rental properties.

Investing in Energy-Efficient Appliances  

Installing energy-saving appliances is one of the best ways to cut your energy consumption in rental properties. Replace old appliances with Energy Star®-certified models. The appliances have met the EPA's tough energy efficiency rules. When buying refrigerators, dishwashers, washing machines, and HVAC systems, check for the Energy Star label on the appliance.

Energy Star-rated appliances use significantly less electricity compared with traditional models, which will reduce the energy bills of tenants and the carbon footprint. Upgrading appliances such as refrigerators, dishwashers, and washing machines can save large amounts over the long term. In Ontario, rebates and incentives are available to help offset the cost of these upgrades, making them economically sound investments for landlords.