The CMHC Green Home Mortgage Loan Insurance Premium Refund offers up to 25% in mortgage premium rebates to promote energy efficiency and make the process of upgrading Canadian homes more affordable.
Note: CMHC refunds are calculated as a portion of the mortgage insurance premium
You must fulfill the following requirements to qualify for the CMHC Green Home Mortgage Loan Insurance Premium Refund:
To Get This Refund
In order to fully qualify for the Green Home premium refund, the Energy Advisor working with you will provide a formal EnerGuide energy rating and you must achieve the following:
If your EnerGuide Rating was greater than or equal to 200 GJ/year, you must decrease it by at least 90 GJ/year.
On the other hand, if your pre-retrofit EnerGuide Rating was less than 200 GJ/year, you must reduce it by at least 45 GJ/year.
Steps to Apply
If you buy a home that was built to eligible building standards, you may qualify for a refund on your mortgage loan insurance.
For more Information: Check out CMHC’s website at www.cmhc.ca/greenhome.