The Globe and Mail is reporting today that Finance Minister Jim Flaherty is considering giving tax credits to homeowners who make home renovations. While there has been a lot of talk lately about large infrastructure spending in the upcoming federal budget, this home reno idea would focus on smaller but more wide spread spending. The [...]
Home energy efficiency improvements provide benefits to both homeowners (through lower heating costs) and the environment (using less energy reduces our carbon footprint). However, individual homeowners rarely know how efficient their house is and are unsure about what renovations need to be made. Luckily, the Ontario government is taking steps to help us improve our [...]
When getting a mortgage, many homeowners often are required to purchase mortgage loan insurance – usually though CMHC (Canada Mortgage & Housing Corporation) or Genworth Financial. This can add thousands of dollars in extra costs to the home buyer. Luckily, by buying an energy-efficient home or making energy efficient upgrades, there’s a way to get [...]
In this third post on Green Mortgages available in Canada, we’ll be taking a look at the RBC Energy Saver Mortgage. As mentioned in previous posts, a Green Mortgage can help homeowners improve the energy efficiency of their home, which helps them save money and reduces their greenhouse gas emissions. The RBC Energy Saver Mortgage [...]
This is the second part of a series of articles that we will be posting on Green Mortgages. What is a ‘green mortgage’, you may ask? Essentially, it is a mortgage that provides incentives for homebuyers to improve the energy-efficiency of their homes, which helps them save money and helps the environment. CIBC ENVIRO-SAVER™ [...]
This is the first part of a series of articles that we will be posting on Green Mortgages. How can a mortgage be ‘green’? This seems to be a common initial question when people first hear of a Green Mortgage. Well, the answer is that a mortgage can be green if it provides incentives for [...]