Electric

You know when I feel electric? When I get paid for real estate! Today, I got paid for a deal I did awhile ago. Woohoo!

The reason I opened with this was because the money that I earned on this deal was used to settle some small debts I had when I changed the heating in one of my rental units. I did a conversion from electricity to gas. Hence, the electric title of this blog post.

I think most people know that electric baseboard heating is an expensive form of heating. They may not know the degree to which it is more expensive. I can honestly say that I have a larger house, with gas, that doesn't cost me as much in a winter as a two-month bill I get for a baseboard heated house. It's pretty ridiculous.

The government of Ontario was able to rake in an extra $1.3 billion from the new HST this year on electricity. Costs are expected to continue to rise. When you are looking for a new house or apartment, please inquire about the heating costs. They can be significant. You may not be prepared.