CMHC Mortgage Loan Insurance Rebate for New Construction

CMHC offers a 10% refund on mortgage loan insurance premiums and an extended 35 year amortization period for purchasing an energy-efficient home.



Sponsoring agency: Canada Mortgage and Housing Corporation (CMHC)
Type of agency: Federal government

Eligibility

For a new purchase, the home must be either R2000 certified, have an EnerGuide Rating of 80, or be built by a member of a CMHC-eligible energy-efficient building program. If you are in a condominuim, the building must be 25% more energy efficient than if constructed to meet the requirements of the Model National Energy Code for Buildings (MNECB).


Application procedure

  1. Find out how energy efficient your home is, and improve it if necessary. Contact Mike Young, City Green Certified Energy Advisor for new homes, at energuide@citygreen.ca or 1.866.381.9995 x. 126 to obtain an EnerGuide rating. For other home rating options, see the CMHC Green Home webpage.
  2. Talk to your lender and ask for a CMHC insured mortgage.
  3. Apply online for your Premium Refund.


Contact information

Telephone: (604) 731-5733


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