Are green mortgages starting to take off?
While Canadians are interested in reducing their impact on the environment, the decision to buy a "green home" is really being driven by saving cash, according to a recent survey.
Despite saying all the right things, more than 59 per cent of respondents cite financial savings as the main reason for making eco-friendly upgrades and purchases.
The trend toward green living has encouraged Canadian banks to start offering "green mortgages," which offer home buyers a discounted interest rate and other incentives to buy more environmentally sensitive houses or perform upgrades aimed at lowering their environmental footprint.