Helpful programs you need to know about
Programs You May or May Not Have Heard of:
Purchase Plus Improvements
– The ability to incorporate renovations into your purchase whether it be a new bathroom, suiting the basement or new windows – our lender and insurer partners may be able to assist at best rates for more information on these programs reach out!Green Home Efficiency Rebate
– CMHC’s Eco Plus program offers partial premium refunds to homeowners who purchase climate-friendly homes – receiving the final certificate from the list of eligible third-party providers.
– Renovate an existing home to the EnerGuide label or EnerGuide Renovation Upgrade Report (RUR) for an existing home.
– You may receive up to 25% reimbursement of the insurance premium paid on high-ratio insured mortgages – through the two-step application process – reach out to learn more!Cashback – Incentives
– The ability to incorporate the payout of debts & liabilities from cashback at closing
– The ability to receive cashback which could be utilized towards closing costs and moving expenses at completion up to 3% of the mortgage amountCanada Greener Homes Initiative
– Grants from $125 to $5,000 to get part of your costs back for eligible home retrofits
– Up to $600.00 as a maximum contribution toward the total costs of your pre and post-retrofit EnerGuide Evaluations along with Interest-Free Loans of up to $40,000 with repayment over 10 years to help you undertake major home retrofits.Borrowed Down Payment
– By way of a HELOC, Personal Line of Credit/Loan or Shared Equity Mortgage
– Allows you to get into the market without having saved the full down payment
– Allows you to put as little as 2.5% down from your own resources
– They do have specific criteria and may result in higher insurance premiums
Links below to all the programs for more details:
All about the Canada Greener Homes Initiative (nrcan.gc.ca)
Related Posts
Spring has a way of making everything move at once — and this edition of the Cultivate + Evolve newsletter is no exception. Catherine shares some personal news, walks through the variable vs. fixed conversation that's on everyone's mind right now, and breaks down what BC homeowners should know about the land title uncertainty emerging in parts of the province. There's also a timely note on renewal strategy, rate holds for spring buyers, and a warm shoutout to Angela at The Tidy Co. — the woman who helped make two of Catherine's own moves a lot less chaotic. If any of this touches your situation, it's worth a read.