The CMHC Green Home program is a rebate program designed to encourage Canadians to purchase, build, or renovate energy-efficient homes. Under this program, eligible homeowners can receive a 15% rebate on their mortgage insurance premiums if they buy, build, or renovate a home to be more energy-efficient.
To qualify for the CMHC Green Home program, your home must meet specific energy-efficient requirements, such as a minimum EnerGuide rating or ENERGY STAR certification. The exact requirements will depend on the type of property and location.
Here are some key details about the program:
- The program applies to new homes, as well as existing homes that are being renovated to be more energy-efficient.
- The rebate is available for mortgage insurance on both new and existing homes, and it can be used with all CMHC-insured mortgage types.
- The maximum rebate amount is $5,000 for the purchase of an energy-efficient home, and $3,750 for the renovation of an existing home.
- The rebate can be combined with other government incentives for energy-efficient homes.
To apply for the CMHC Green Home program, you'll need to complete an application form and submit it to CMHC along with the required documentation. You can find more information and access the application form on the CMHC website.