Great news for homeowners in Canada! If your mortgage is insured through Canada Guaranty, CMHC, or Sagen, you may be eligible for a partial refund on your mortgage insurance premium through their energy-efficiency programs.
Many newly built homes in British Columbia meet energy efficiency standards under the BC Energy Step Code, making them eligible for these rebates. If your home was built in 2025 and you’re purchasing it with an insured mortgage, you could receive up to 25% of your mortgage insurance premium back!
Program Details & Eligibility
🔹 Canada Guaranty – Energy-Efficient Advantage Program
- Refund: Up to 25% of your mortgage insurance premium
- Application: Simple online form
- Processing Time: Refunds are typically issued within 30 days of approval
- Deadline: You have two years from your closing date to apply
- Apply here: Energy-Efficient Advantage Program
🔹 CMHC – Green Home Program
- Refund: Up to 25% of your mortgage insurance premium
- Application: Online submission through CMHC
- Processing Time: Refunds are processed within 30 days
- Deadline: Apply within two years of your closing date
- Apply here: CMHC Green Home Program
🔹 Sagen – Energy Efficient Housing Program
- Refund: Up to 25% of your mortgage insurance premium
- Application: Quick online form through Sagen
- Processing Time: Refunds are typically processed within 30 days
- Deadline: Homebuyers have two years from closing to apply, and homes must have been built within the last five years
- Apply here: Energy Efficient Housing Program
How to Apply
Applying is easy! Simply gather your home’s energy efficiency documentation and submit the online application through your mortgage insurer.
Why leave money on the table? If you’ve purchased an energy-efficient home with an insured mortgage, take advantage of these rebates today.
For more mortgage tips and expert advice reach out. As your mortgage broker, I stick around long after the transaction to maximize your savings.
