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Energy-Efficient Advantage — 💲1000’s in rebates

Little Known fact –  Get $1000’s in Rebates for Energy-Efficient Homes.

CMHC, Canada Guaranty, and Genworth all offer partial Mortgage Loan Insurance Rebate of 15% or 25% to borrowers who buy energy efficient homes!

A Buyer, who acquires an energy-efficient home will receive a 15% or 25% reimbursement of mortgage insurance premiums as part of an Energy-Efficient program or Green Home by CMHC.

A 15% premium refund applies to homes built to the standards of LEED Canada, Energy Star, Greenhouse and Built Green. A 25% rebate applies to homes built in accordance with R-2000 standards. Energy-efficient homes not built under those standards may also be eligible. However, they must be assessed by an energy advisor accredited by Natural Resources Canada. These homes must achieve an EnerGuide rating of between 82 and 85 to receive a 15% premium refund, and a rating of 86 to 100 for a 25% refund.

Similar standards are required for a condo acquired in a residential tower. Premium refund applications must be submitted by the borrower within two years of the closing date of the mortgage.

CONNECT WITH AN EXPERT TO LEARN HOW YOU CAN 💲SAVE💲

Renovating Your Home

If you purchase an existing home and make energy-efficient improvements you may be eligible for a Partial Mortgage Loan Insurance Rebate.

Energy-efficient homes can be linked to increased comfort and healthier living while improving energy efficiency reduces greenhouse gas emissions and lowers the cost of owning and maintaining your home.

 

Connect with Rick and team to find out how we can help you save with lower mortgage rates and closing costs today!

 

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