Ask an Expert: 5 Tips to Curb Those Utility Bills

Ask an Expert:  5 Tips to Curb Those Utility Bills

At Avi Urban, we work with the experts to help you make the best decisions when buying your new townhome or apartment with us. One of these experts is Laura Parsons, Bank of Montreal Manger of Mortgage Specialists and Calgary Sun Columnist.

This week, Laura Parsons chats about new homeowners who may find utility bills to be a bit of a shock when they move in. “Heating and cooling systems can account for approximately half of a homeowner’s annual utility expenses,” says Parsons, “and 51% of Canadian homeowners cite utility costs as the biggest surprise financially when it comes to owning a home.”

If you’re looking to curb your utility bills in your new townhome or condo, here are Laura Parson’s five tips:

1.       Ceiling and portable fans: Neither use much energy and can produce great air circulation, dropping the temperature by up to five degrees.

2.       Windows: Open the windows and doors throughout your home to get air moving.

3.       Light-coloured window coverings: Choosing a pale colour of window covering can reflect heat away from the house. You can also consider window film for heat and glare reduction.

4.       Internal heat: Be aware of where heat comes from, including appliances, electronic devices and lighting.

5.       Humidity: Things like showering, washing and dry clothes and cooking can create humidity and make it feel warmer. Turn on the ventilation fan to help extract the moisture.

If you have a question about your home finances, reach Laura Parsons at laura.parsons@bmo.com, or comment below.