# CMHC Eco Plus

- Link: https://buildingexpert.ca/efficiency/cmhc/
- Published: 2017-02-06T20:06:53-05:00
- Author: support informatique

![cmhc-schl](https://buildingexpert.ca/wp-content/uploads/elementor/thumbs/cmhc-
schl-q27s2p935mtjuhkols633m6yq6dlev7ftympcs0ej8.png "cmhc-schl")

# CMHC Eco Plus

## 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**.

To qualify, your new home must have an eligible energy-efficiency certification,
or an [EnerGuide](https://buildingexpert.ca/efficiency/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? CMHC Eco Improvement

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.

Learn more on our [CMHC Eco Improvement](https://buildingexpert.ca/efficiency/cmhc-eco-improvement/)
page.

## Were you thinking of investing in a rental property?

CMHC’s** [MLI Select](https://buildingexpert.ca/efficiency/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.

To verify your eligibility and to consult all the information about the CMHC Eco
Plus program, visit the [CMHC WEBSITE](https://www.cmhc-schl.gc.ca/consumers/home-buying/mortgage-loan-insurance-for-consumers/cmhc-eco-products/cmhc-eco-plus).

* Based on a 25-year amortization period.
Calculated using the [CMHC premium calculator](https://www.cmhc-schl.gc.ca/consumers/home-buying/calculators/mortgage-calculator)

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