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CMHC Mortgage Loan Insurance Refund
CMHC offers a 10 percent refund on its mortgage loan insurance premium, as well as extended amortization to a maximum of 35 years, for energy efficiency.
Eligibility is conferred to individuals who use CMHC-insured financing to
- purchase an energy efficient home
- purchase a home and make energy-saving renovations
- renovate an existing home to make it energy efficient
The refund is offered as a one-time payment. The refund works out to approximately $275 for a $100,000 mortgage with 5 percent down payment, or approximately $85 for a $20,000 mortgage for renovation.
