We are finally nearing the end of the renovation period of improving our apartment for sale...
Which means that the time for purchasing a new home is also approaching...
Imagine my excitement to see that Vancity (no suprise here - I've been talking about making the change and banking with them due to their comminment to the environment and community) is offering what they are calling a "Climate Change Mortgage".
What that means is that they will take the money that would usually be spend acquiring a mortgage and invest it into a fund to fight climate change.
What does that mean exactly? Directly from their FAQ's, see below.
- How will this fund help find solutions to climate change?
We're working on it. Right now we have our Vancity and Citizens Bank of Canada climate change experts exploring the best way to invest the funds. It also depends how big the fund gets, but at this point we expect our focus will be on ways to reduce our dependence on fossil fuels.
We will keep you posted as we continue to work with the brightest minds in the climate change field to determine how the fund can be used to have the highest impact.
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