Home Building, Renovation Incentives and Resources.
There are a number of incentives and money saving options available for homeowners looking to renovate, add on to their existing home or upgrade to greener alternatives. Check out some of the options below.
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CMHC Improvement offers flexible financing with lower down payments for homebuyers purchasing an existing home and renovating.
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CMHC Refinance can help homeowners add a secondary suite to their existing home, such as a basement suite, an in-law apartment or a laneway home.
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The Home Accessibility Tax Credit (HATC) from the Government of Canada helps offset the cost of renovations that improve the accessibility, safety, or mobility within a home for seniors or individuals with disabilities.
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The Multigenerational Home Renovation Tax Credit (MHRTC) supports families who renovate their homes to accommodate multiple generations under one roof. It helps offset the cost of creating a secondary dwelling unit for a qualifying relative.
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The Canada Greener Homes Loan Program (CGHLP) helps Canadians make their homes more energy efficient by providing interest-free loans to support renovations recommended by an energy advisor.
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Eco Improvement offers a 25% partial premium refund to borrowers who buy existing homes and make energy efficient improvements.