The real estate market is booming – especially in Halifax where it is a sellers’ market. Buyers are often faced with paying above asking and competing with multiple buyers. This means you need to be ready to move fast – from being pre-approved on your mortgage, to being able to turn around a letter of insurability in a timely fashion and do a quick thorough assessment of the house. Aluminum wiring is one of those features that might make it hard to get a mortgage or insurance, so understanding the implications now will be helpful if you find a great property that has Aluminum wiring.

When buying a home, there’s a list of things you’ll want to check. Is it in a safe neighbourhood? Does it have enough space for your family? How are the schools in the area? Do you like the appliances, the layout, the design, and the exterior of the house? 

You’ll also consider things like the structure and the construction materials. One thing you may not think about, though, and often out of sight, is the type of electrical wiring.

At one time—for a brief period between the mid-60’s and mid-70’s—aluminum was a popular cost-saving alternative to copper wiring in housing. It was discovered, however, that not only is aluminum less durable than copper, it can also be a fire hazard if not installed properly.

Because of that risk, you’ll have a harder time getting home insurance and perhaps even a mortgage. 

Why is Aluminum wiring considered a safety hazard?

Aluminum wiring is more likely to expand and contract as a result of electrical currents coursing through it than its copper alternative. This raises the chances of the wiring coming loose at contact points and causing a spark which, in turn, could cause a fire. It’s these contact points that cause the real hazard, since oxygen can corrode or rust the metal. 

If your future home is found to use aluminum wiring you may want to consider upgrading the wiring.

The cost to switch aluminum to copper in a home various, it is best to work with a certified electrician to get a quote.  It’ll pay to shop around and speak to a number of different professionals. It’s recommended to get 3 quotes from certified electricians. 

You should check for aluminum wiring in a house before getting home insurance quotes, though, because your insurance company will be asking and you’ll pay more if it’s there. 

Talk to a broker to help assess your specific situation.