Article by Canadian Home Find
Environmental awareness and the protection of mother Earth are now becoming serious concerns of practically all sectors of our society. We are now seeing the emergence of various forms of campaigns and advocacies which aim to increase our level of awareness and concern for the environment.
These pervasive changes in the way we treat our environment are not confined in government and private advocacy groups alone but in the business and domestic fronts as well. There are now various initiatives that are being initiated by all sectors of our society; changes that has deep seated ramifications in our lifestyle.
The area that will bear the significant shift shall be the regulatory. The limits established on greenhouse emissions will have a significant effect on all aspects of the economy, including real estate. The direct implication of the caps prescribed to reduce harmful gas emissions is the manifested shift in the overall conduct in the real estate sector. Business decisions and market trends shall now take into account the penalties and sanctions that will be levied by government regulatory institutions on those industry stakeholders whose operations are deemed not environment-friendly.
This increased awareness and concern for the environment and the major shift towards ?green? initiatives will also bear major changes at how real estate properties are assessed and valued by investors and buyers. This means that environmental issues that were once considered as mere peripheral considerations are now being considered as critical features in any real estate deal. Real estate experts are in agreement that in order to remain competitive in the market and sustain growth of business into the future, stakeholders in the real estate industry must continue to strive to meet the changing needs and requirements in terms of skill set and resources consistent with environmental concerns.
Aside from transportation and the industries, buildings are considered as one of the top greenhouse gas emitters. This means that major sectors of the real estate industry will have to contend with the various requirements and compliance standards that have to be factored in as we establish the value of real estate properties.
We will now see movements and trends that will be significantly influenced by these emerging developments as market forces slowly integrate the economic variable in the determination of real estate property prices. A critical standard requirement that determines the ecological soundness of modern homes is the LEED ratings. This certification establishes the ratings in terms of the environmental soundness of the home design, building construction and building operation and maintenance in all sectors of the real estate industry.
All these recent events have raised the level of awareness not only of major investors but homebuyers as well. People who are engaged in the design, construction, sale and management of various types of buildings are now beginning to see the urgency and importance of the green initiatives and how their action will impact on their lives.
Business owners and investors may start looking seriously for commercial buildings that are environment friendly not only for their support of the advocacy. They will also find the viability and soundness of such decision as they begin they enjoy the benefits in terms of reduced operating cost, enhanced value and improved marketability. Investors will then associate high LEED rating to sound investment portfolios and will slowly take this into account in their investment priorities.
The real estate market is now going through a major shift as both lead and bit players start integrating environmental and ecological parameters in their investment decisions. While this is currently unfolding, market forces are still trying to sort out the real value of green efficiency. This is a great opportunity for seasoned real estate players to establish a strong reputation as leaders in this changing business landscape.
Article by canadianhomefind.com Canada?s most effective For Sale By Owner service. Click for more information on: For Sale By Owner how-to Most Effective FSBO Programs Browse FSBO Listings
Source: http://www.stardusthomes.com/2011/08/02/the-wave-of-green-in-canadian-real-estate-industry/
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