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Program encourages Canadians to buy fuel-efficient vehicles by offering rebates ranging from $1,000 to $2,000 towards the purchase of more fuel-efficient vehicles that meet the required criteria.
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The Canadian Mortgage and Housing Corporation has added environmentally friendly features to the Mortgage Loan Insurance it offers. If you use CMHC insured financing to buy an energy-efficient home, purchase a house and make energy-saving renovations or renovate your existing home to make it more energy-efficient, a 10% refund on the Mortgage Loan Insurance premium may be available. You could also have the added flexibility of a longer amortization (the period of time required to repay your mortgage) from 25 years to a maximum of 40 years, significantly reducing your monthly payments.
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