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Apply for a 25% partial premium refund if you’re CMHC insured and buying or building an energy efficient home. As of June 20, 2022, CMHC’s Green Home program is CMHC Eco Plus. This new name comes with enhancements that benefit homeowners like you. You can apply for a partial premium refund of 25% if you’re CMHC insured and have an energy efficient home. As energy efficiency standards improve, so will the criteria for the Eco Plus program. It will include more certifications and continue to align with Natural Resources Canada's EnerGuide rating system. CMHC is introducing new eligibility criteria including an updated and expanded list of energy efficiency certifications, and energy efficiency targets based not only on total Energy Consumption but also Greenhouse Gas Emissions (GHG). Recognizing that, as Canadian building codes progress toward net-zero ready standards, and energy efficiency building standards evolve toward this target, the eligibility criteria may be periodically adjusted.
Properties awarded an eligible certificate - Properties with tonnes/year GHG rating that fall within the top 15% of the housing stock in lowest GHG emissions rating. Properties with a gigajoules/year rating of at least 20% lower than “A Typical New House”. Eligibility is assessed using the Natural Resources Canada (NRCan) EnerGuide Rating System. To qualify, your home must have an energy efficiency certificate or meet energy efficiency or greenhouse gas targets. Call us today to have your home assessed by a NRCan qualified energy advisor.
Apply for a partial premium refund of 25% if you’re CMHC insured and working on energy efficient renovations to your recently purchased home. CMHC Eco Improvement aims to reduce the environmental impact of housing by supporting energy-efficient improvements. Apply for a 25% partial premium refund if you’re insured with CMHC and you’re spending at least $20,000 in energy efficient renovations. The program is available for both home buyers and individual condo buyers. It aligns with CMHC's commitment to combat climate change and the Canadian government's goal of carbon neutrality by 2050. Starting September 7, 2023, Eco Improvement allows you to apply for a 25% partial premium refund on your CMHC insurance – that’s a win for you and a win for the environment!
Canada Greener Affordable Housing helps affordable housing providers complete deep energy retrofits on existing multi-unit residential buildings. This program provides forgivable and low-interest loans to help finance building retrofit measures and activities needed to meet climate goals. It also supplies contributions for pre-retrofit activities needed to plan, prepare and apply for retrofit funding.
CMHC will fund 100% of eligible retrofit costs, up to $170,000 per unit (low-interest repayable and forgivable loans combined). Forgivable loans will be the lesser of: $85,000 per unit, or 80% of eligible retrofit costs. Low-interest loans will be available to finance the rest.
For pre-retrofit activities, the maximum contribution is $130,000 per project.
The project must be primarily residential and have at least 5 units or beds. Buildings must be at least 20 years old.
Applicants must meet a municipal, provincial, territorial, Indigenous government or CMHC program affordability criteria. Applicants can also follow other affordability criteria such as rent-geared-to-income, low-income, moderate-income, established income or rent limits/thresholds.
CIB's Building Retrofits Initiative (BRI) provides attractive financing to reduce investment barriers and decarbonize buildings. Our team of experts works with the public and private sector as well as other market participants to modernize and improve the energy efficiency of existing buildings.
Public sector
All levels of government, Indigenous communities, schools, hospitals, and universities
All types of buildings and infrastructure, including administrative offices, courthouses, correctional facilities, hospitals, campus buildings, parking facilities, transit facilities, streets and highways lighting, etc.
Private sector
Privately owned commercial, industrial, and multi-unit residential buildings
Eligible assets including real estate investment trusts (REITs), investment trusts, retail chains, corporations, etc.
Read more about CIB's funding at https://cib-bic.ca/en/building-retrofits-initiative/