CMHC Eco Plus
Get a 25% partial refund of your mortgage insurance premium when you buy a newly built energy-efficient home.
For
What you get
What you need
Save on your CMHC mortgage insurance premium
Buyers who apply for a mortgage are required to obtain CMHC mortgage insurance if they do not have a down payment of at least 20% of the total value of the home they wish to purchase.
For example, a person who buys a $250,000 home with a 5% down payment ($12,500) will have to pay approximately $8550 in mortgage default insurance*, a considerable amount.
To encourage the purchase of energy-efficient homes, CMHC Eco Plus offers a 25% partial refund of the mortgage insurance premium when you buy a newly built energy-efficient home.
* Based on a 25-year amortization period. Calculated using the CMHC premium calculator.
Who qualifies
To qualify, your new home must have an eligible energy-efficiency certification, or an EnerGuide rating showing energy use at least 20% lower than a typical new home. Our energy advisors can perform this evaluation.
Renovating an existing home?
Energy-efficient renovations of an existing home are now covered by a separate product, CMHC Eco Improvement: a 25% refund of the mortgage insurance premium if you complete at least $20,000 in qualifying energy-efficient renovations after purchasing your home.
Investing in a rental property?
CMHC’s MLI Select program allows rental property owners to obtain mortgage loan insurance relief for the construction, purchase or refinancing of multi-family residential buildings of 5 units or more.
Ask about CMHC Eco Plus
Tell us about your project and a team member will contact you.
Our other services
Home evaluation, EnerGuide rating and personalized report.
Get 25% of your premium back after energy-efficient renovations.
Mortgage loan insurance relief for rental buildings.
Ready to qualify for CMHC Eco Plus?
Our energy advisors can perform your EnerGuide evaluation.
