The common risks to your household budget has largely been focused on obtaining a lower interest rate. While the pressure to keep rates low continue, the cost of oil, gasoline and natural gas has continued to rise. This has prompted Ontario gas utilities to sharply increase their monthly charges to customers.
Energy costs should figure into your household budget in a few ways:
- What the monthly heating bills are
- How new the furnace is
- Whether to buy a home in the city of suburbs and how close public transportation is
- What level of insulation there is in the attic
Another factor you should consider is high-rise apartments or condos, as well as town homes and semi detached homes use less energy than detached homes.