Let’s face it: Canadians aren’t great at water conservation. We are fortunate to live with one of the most abundant water sources in the world. Despite housing less than half a percent of the world’s population, we hold 20% of the Earth’s total freshwater resources, and 7% of its renewable water (Source).
While water conservation isn’t at the top of our minds, particularly during the winter months, it’s a very different situation in other parts of the world. In fact, there’s a global water shortage looming, and some will argue that it’s already here (Source). In the developing world, nearly 1 billion people do not have easy access to potable water. Every 90 seconds, a child dies from a water related disease, and nearly 1 million people each year die due to water, sanitation, and hygiene related disease each year (Source). By 2025, it’s estimated that 1.8 billion people will be living in areas of absolute water scarcity, while two-thirds of the world may be living under water stressed conditions. (Source).
The good news is that a little conservation can go a long way, and Canadians have proven themselves to be among the most environmentally conscious people in the world. A recent study by the University of Waterloo concluded that 80% of Canadians are willing to make lifestyle compromises for the benefit of the environment (Source). A further joint paper published by Canada Post and Harris Decima found that the Canadians surveyed believe that environmental issues are extremely important. Furthermore, wasteful behaviour by consumers was ranked the #1 cause for environmental concern (Source).
One of the best emerging tools to combat wasteful consumption is the smart home, which can significantly reduce energy wastage through adding fixtures such as smart thermostats and intelligent lighting systems.
The smart home movement and its connection to resource management is a big draw for many consumers. Intelligent water monitoring solutions, such as the Eddy suite of products, can track water consumption on a minute by minute, hourly, and daily basis, so users have a detailed breakdown of exactly how much and when water is being consumed. Many Canadians, for example, may not realize that by reducing their shower time to under 5 minutes, they can save up to 1,000 gallons or 3,700 litres per month. Simply choosing to take showers over baths can add up to big water savings as well.
Transparency is a big step towards creating the awareness needed to instigate change. Smart water monitoring systems that provide usage data through Apps provide users with the information they need to begin making positive changes to their consumption habits.
Eddy Home’s customers see a reduction in their water usage of approximately 14% – partially due to early leak detection and mitigation, but also through water conservation tips and challenges. About 5% of the overall water reductions our customers see is through conservation efforts alone.
So, while water conservation is new to Canadians, a little knowledge goes a long way. With the help of Smart Home Water Monitoring, we can all reduce our consumption, ensuring that there’s more water available to those that need it most.
About Eddy Home
Founded in 2014, Eddy Home is an industry leader in leak protection and water visibility solutions. Our suite of smart products offers a comprehensive water management system for homeowners that protects, controls, and conserves. Our products have saved thousands of customers millions of litres of water by continuously monitoring water usage in their home, and if something unusual is detected, alerting them to the issue. For more details, please contact us at 1 877 388 3339 or email email@example.com.
TORONTO, Nov. 24, 2022 – Eddy Smart Home Solutions Ltd. (TSXV: EDY) released its unaudited financial statements for the three and nine months ended September 30, 2022. Q3/2022 HIGHLIGHTS Read the full press