CMHC Introduces Improved Energy Refund Program

Canada Mortgage and Housing Corporation (CMHC) is introducing CMHC Eco Plus, an improved version of CMHC’s energy efficiency refund program. It will allow anyone who has bought an energy efficient home on or after June 20 and has CMHC mortgage loan insurance to apply for a 25 per cent partial premium refund on their insurance premium if their home meets Eco Plus energy efficiency requirements. The previous version offered refunds of between 15 to 25 per cent. The program aligns with the government of Canada’s goal of net-zero emissions by 2050.