Invest in Ecoenergy and Reap the Benefits with CMHC

- Mario Conte - December 1, 2023

Energy efficient renovations are not only good for the environment, they can also be good for your wallet. CMHC’s Eco Improvements program, launched on September 7, 2023, offers a golden opportunity for homeowners.

How it works ?

If you have a CMHC-insured mortgage and have invested or plan to invest in energy-efficient renovations, you could benefit from a 25% refund on your mortgage insurance premium. The condition ? Have carried out work worth a minimum of $20,000.

Eligibility Criteria:

Be an owner-occupant with a CMHC-insured loan.
Own a single-family home, a condominium, or a plex of 2 to 4 units.
Have invested at least $20,000 in qualified energy efficiency improvements.
Have a mortgage of up to $999,000 (or equivalent to the value of the property).

Eligible Energy Efficiency Improvements:

Building envelope, including insulation, windows, and more.
Mechanical systems such as heating or heat pump.
Renewable energy systems, including solar and wind.

Application Process:

Simple and convenient, the process involves submitting the application form online along with relevant invoices less than 5 years old. You have up to 2 years after purchasing your property to make this request.

For more information and to submit your request, visit the CMHC website.

Get Your Free Home Evaluation!
Let's talk
envelopecrossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram