CMHC Eco Plus
Another program that homeowners should consider is the CMHC Eco Plus program. This program offers a partial premium refund to homeowners who purchase climate-friendly housing. The program is designed to help make energy-efficient and low-carbon housing choices more affordable. If you purchase an energy-efficient home, you may be eligible to receive 25% of your insurance premium back.
HST Rebates
Homeowners who have completed a major renovation on their home, built a new home, or built a major addition that doubles the size of their home, may be eligible for an HST Rebate of up to $16,080. This rebate is only available for substantial renovations or newly built homes, not kitchen upgrades. The home must be the homeowner's principal residence, and the HST Rebate is only available to homeowners who live in Canada.
Basement Flooding Protection Subsidy Program
Another program that homeowners should consider is the Basement Flooding Protection Subsidy Program. This program provides a subsidy of up to $3,400 per property to owners of single-family, duplex, or triplex residential homes to install flood protection devices. Eligible work includes the installation of a backwater valve, a sump pump, and severance and capping of a home's storm sewer or external weeping tile connection.
The benefits of these programs are numerous. Not only do they help homeowners reduce their energy bills, but they also make their homes more comfortable and energy-efficient. These programs also help homeowners to increase the value of their properties, making their homes more attractive to potential buyers.
Why Now?
Now is a good time to take advantage of these offers because the real estate market in Toronto is expected to remain strong in the coming years. This means that if you make upgrades to your home, you are likely to see a return on your investment when you sell your home in the future.
Final Thoughts
I would like to encourage homeowners to take advantage of the rebates and incentives that are available to them. Whether you are looking to make your home more comfortable, reduce your energy bills, or increase the value of your property, these programs can help. If you have any questions about these programs, please don't hesitate to contact me. I am here to help you navigate the real estate market and find the best solutions for your needs. You can email me at daniellagoldre@gmail.com or call/text me at Text Daniella Gold 📲 (416) 820-3006.
Post a comment