Canada Mortgage Housing Corporation (CMHC), Canada’s National Housing Agency, helps you save money on the purchase or construction of an energy-efficient home when CMHC Mortgage Loan insurance is used to finance its purchase or construction. Qualified borrowers can obtain a 10 per cent mortgage insurance premium refund which can add up to big savings. For example, a borrower who obtains a typical $250,000 mortgage with a five per cent down payment can benefit from a mortgage insurance premium refund of about $690.
Which homes are eligible?
| Did you know… Our houses consume 17 percent of the energy used in Canada. Basements can be a prime source of heat loss within a house accounting for 20 per cent to 35 per cent of its total heat loss. Source: Natural Resources Canada. CMHC offers free information and tips to help households save energy and reduce utility bills. Simply visit www.cmhc.ca and type the search key words “my energy savings” |
Homes built under the following CMHC-eligible energy-efficient building programs qualify:
- R-2000 (National)
- LEED Canada for Homes EGH 80+ (National)
- Power Smart New Homes (British Columbia)
- Built Green™ BC Platinum Label Homes (British Columbia)
- GreenHome™ and Super GreenHome™ (Yukon)
- Built Green™ Platinum Label Homes (Alberta)
- ENERGY STAR® for New Homes (Saskatchewan)
- Power Smart™ (Manitoba)
- GreenHouse™ (Ontario)
- ENERGY STAR® (Ontario)
- NovoclimatMC (Quebec)
If you are not sure whether your home was built under one of these programs, simply ask the builder.If the home you are building does not belong to one of these programs, it may still be eligible. Homes that have an NRCan energy efficiency rating of 80 or above also qualify. An energy efficiency rating can be obtained by having an energy assessment completed by an NRCan-qualified energy advisor.
If you are purchasing an energy-efficient condominium, the building in which the condominium unit is located must be 25 per cent more energy-efficient than if constructed to meet the requirements of the Model National Energy Code for Buildings (MNECB). Ask your condominium association or builder and apply for the refund.
The 10 per cent mortgage insurance premium refund may also be available when borrowers use CMHC-insured
Canada Mortgage and Housing Corporation (CMHC), Canada's National Housing Agency, helps you save money on the purchase or construction of an energy-efficient home when CMHC Mortgage Loan insurance is used to finance this purchase or construction.
financing to undertake energy-saving renovations.
For more information on CMHC Mortgage Loan Insurance for energy-efficient homes, borrowers are encouraged to contact their lenders or visit www.cmhc.ca and type the search key words “my energy savings”. For more than 60 years CMHC has shared a wealth of knowledge and housing expertise to help create an informed and reassured homeownership experience for Canadians.
