TORONTO, ON - May 07, 2014 /CNW - It's high season for home renovation projects across the country and that has Jonathan and Drew Scott of W Network's Property Brothers seeing green.

The real estate and contracting experts have partnered with Scotiabank to launch #GREENYOURROOM, a national contest that will award one lucky Canadian with $20,000 towards an eco-renovation and a one hour consultation with the siblings who are known for getting buyers into their dream homes without busting their budget.

"We are excited to see which room across this country will be the winner of the #GREENYOURROOM contest," says Jonathan and Drew Scott. "If you watch our show you know that we've seen some run-down spaces, so show us your worst Canada! We can't wait to see the room transform into a healthy, vibrant and environmentally-friendly space that adds value to the home."

A recent Scotiabank survey revealed that while two-thirds of Canadian homeowners would consider making their home more energy efficient or environmentally friendly by considering green home renovations, over half have trouble seeing past the perceived price tag, underscoring the need to dispel the myth. "In actuality, a green home renovation is an investment that may provide significant cost savings over time as it can lower your monthly operating costs, while at the same time adding value to the purchase price of your home," says David Stafford, Managing Director of Real Estate Secured Lending at Scotiabank. 

"When thinking about financing renovations, it's a good idea to speak with your financial advisor to create a reno budget to determine what you can afford before you price out your project, including contractor fees if required," adds Stafford. "Once the budget is established, a line of credit, such as the ScotiaLine® Personal Line of Credit with VISA card access, is a useful tool for making purchases and paying contractors. All expenses end up on one convenient statement to help you keep track of what you paid for and to whom."

"Scotiabank's commitment to the environment doesn't start or end with the #GREENYOURROOM contest," says Kaz Flinn, Vice President of Corporate Social Responsibility at Scotiabank. "Finding ways to reduce our environmental impact is top of mind for us, so we created the EcoLiving program and website -- a resource which provides information on how you can renovate or upgrade your home in a way that saves money by saving energy and reduces your impact on climate change. Visit ecoliving.scotiabank.com and use the EcoLiving Home Energy Savings Calculator to see how much you could save by making a few eco upgrades."

For more information about the #GREENYOURROOM contest, including how to enter, please visit:www.scotiabank.com/greenyourroom. For more tips and tricks from Jonathan and Drew Scott on how to get mortgage-free faster and make your dream home a reality, please visit www.scotiabank.com/propertybrothers.

About the survey data
Nielsen's (formerly Harris/Decima) proprietary panel of Canadians, a total of 1,004 current home owners completed an online survey from a random sample of panel members across Canada. The study was conducted from August 21-27, 2013.

About Drew and Jonathan Scott
Known as W Network's dynamic duo, Drew and Jonathan Scott bring to their audience over 15 years of experience in real estate and renovation. As hosts of the three hit TV series Property Brothers, Buying & Selling, and Brother vs. Brother, the twins educate and inspire viewers while entertaining them with their lighthearted and hilarious banter. Beyond their television projects, they also travel across the globe as keynote speakers, sharing their experiences on various topics including real estate investments and renovations. To get in touch with the brothers, message Drew @MrDrewScott and Jonathan @MrSilverScott on Twitter and Facebook. New episodes of Property Brothers air Tuesdays at 8:00 p.m. ET/PT on W Network.

About Scotiabank 
Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through our team of more than 83,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $783 billion (as at January 31, 2014), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information please visit www.scotiabank.com.

About the Scotiabank EcoLiving Program
The Scotiabank EcoLiving Program launched in June 2010. The website, www.scotiabank.com/ecoliving, is a unique online consumer resource that provides home greening options together with government rebate and financial savings information all in one place -- providing an easy-to-use resource for Canadians to learn about, plan and compare green home improvement options. The website includes project planning tools and a financial calculator to allow visitors to compare products and rebates, plan and finance their projects and see the savings that can result from each energy efficient renovation.

To book an interview with Drew and Jonathan Scott, or a Scotiabank spokesperson please contact:

Jessica Swan
Narrative PR
T: 416-922-2211 x 3289
C: 647-281-6345
E: jessica.swan@narrative.ca