A. From yesterdays article the question came, why would a bank want to offer green mortgages? Well the simple answer, its just good business. If the environment succeeds so does everyone in the world. Duh.

The slightly more complex answer is that any time a bank can get a client to do renovations it is in the banks best interest. It ups the resale value of the property and increases the value of the banks security.

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Banks are likely going to start doing their part to help the planet. In a Financial Post article this week, a consumer tells about his experience with the green mortgage. It included everything from a $10 000 line of credit to be used for doing anything that would make the house more energy efficient to a blue tub full of energy efficient coupons (isn’t that a waste of paper?). TD Bank is saying they will look at this option closely (of course the company known for the green couch would), it could be something you could see in the very near future.

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