Canada is committed to achieving net-zero greenhouse gas emissions across its economy by 2050, and opportunities to reduce emissions in the housing market should be a key facet of this strategy. The BMO Climate Institute has released a White Paper exploring the challenges and opportunities to decarbonize Canada’s residential building sector and discussing what needs to be done by government and industry, in collaboration with banks and other mortgage lenders, to enable Canadian homeowners to be a part of the solution. To date Canada’s residential building sector has not curbed emissions enough to realize short- and long-term climate goals. The good news is that, as one of the world’s cleanest electricity producers, Canada has a distinct opportunity to reduce emissions through electrification in the real estate sector.  

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