Comment: Condo owners face steep costs for potential future electrical needs

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Only strata properties to require electrical planning report to see if they can handle an electric water heater, a heat pump and EV charging stations.

Condo owners who have water and heat provided by electricity, and no intention of adding an electric vehicle charging station are required to provide an electrical planning report to see if their home can handle an electric water heater, a heat pump and EV charging stations. Failure to do so by the end of 2026 in the capital region means you will be unable to sell your home.

There are no exceptions, even for stratas that are rental-forward on transit corridors, or in areas of the province where ownership of electrical vehicles is almost too small to record. The estimate for an EPR where I live is $5,750 — or $410 per unit. An EPR must be part of sales documents, so if this ­unexpected cost can’t be ­covered by the depreciation fund, or owners fail to pass a special levy to pay for it, a unit is essentially unsalable.

This makes sense — an apartment-size heat pump could cost more than $8,000 plus installation to save 20 to 40 per cent on a power bill. In my condo, this would be a maximum of, at most, $250 a year for a payback on investment in 32 years.

 

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