Percy Ellis is not your average real estate developer. Aiming to be a “force for good” in the communities in which they work, the team at Percy Ellis builds affordable, low-carbon residential buildings.
To ensure their developments are responding to local needs, Percy Ellis engages community stakeholders in every project. During a consultation process, community members share their concerns, ideas, and vision for their building.
Vancity Community Investment Bank (VCIB) provided mortgage refinancing to support Percy Ellis’ latest sustainable redevelopment – a multi-family residential building located at 17 Rhodes Ave, Toronto.
With this financing, Percy Ellis will incorporate geothermal heat pumps – an energy efficient source for space heating and cooling – to meet the tenants’ desire to significantly reduce the building’s greenhouse gas emissions.
Unlike fossil fuel dependent heating and cooling systems, geothermal heat pumps tap into the earth’s temperature differentials to provide warmth in the winter and cooling in the summer. The system is good for the environment and more cost-effective for residents.
Born from Vancity’s people-centered approach, VCIB works exclusively with organizations and businesses that drive positive change in their communities. Visit our website to learn how we’re financing a more sustainable future.
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