{"id":69,"date":"2012-05-03T16:29:31","date_gmt":"2012-05-03T22:29:31","guid":{"rendered":"http:\/\/century21.brixwork.com\/blog\/?p=69"},"modified":"2022-03-05T10:05:11","modified_gmt":"2022-03-05T17:05:11","slug":"recover-10-of-your-cmhc-fees-through-energy-saving-renovations","status":"publish","type":"post","link":"https:\/\/www.century21yk.ca\/blog\/2012\/05\/recover-10-of-your-cmhc-fees-through-energy-saving-renovations\/","title":{"rendered":"Recover 10% of Your CMHC Fees Through Energy-Saving Renovations"},"content":{"rendered":"
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As I pointed out in my last post, home prices in Yellowknife are now slightly below the national average – a fact that will likely surprise many folks who are currently house hunting. \u00a0But any way you slice it, there is nothing average about our home-heating costs. \u00a0For those who are seeking to reduce their cost of living, improving household energy efficiency is an attractive option.<\/p>\n

In the past, homeowners have had access to a number of federal government programs to sweeten the appeal of eco-friendly renovations. \u00a0With the cancellation of the ecoENERGY Retrofit grant program on January 30th of this year, these options have been greatly reduced – but not entirely eliminated.<\/p>\n

A little known eco-incentive is the CMHC Mortgage Loan Insurance Refund for Home Upgrades. \u00a0If you are planning on buying a home that is within striking distance of an Energuide 80 rating, you may be able to recover 10% of your CMHC premiums<\/a>\u00a0(insurance fees paid on your CMHC-backed mortgage). \u00a0For example, if you buy your home with a 5% down payment and your mortgage is worth $400,000, you could recover 10% of your $11,000 CMHC fees.<\/p>\n

Yes, you have to pay for two home energy-audits in order to qualify for the rebate – at a total cost of $300 plus tax – but you still come out on top, especially once you take your reduced heating bills into consideration.<\/p>\n

For information on this program, click here<\/a>. \u00a0And for information on home energy audits and Energuide ratings, click here<\/a> or call the Arctic Energy Alliance at 920-3333. \u00a0Tell them Adrian from Century 21 sent you!<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

As I pointed out in my last post, home prices in Yellowknife are now slightly below the national average – a fact that will likely surprise many folks who are currently house hunting. \u00a0But any …<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[55],"tags":[22,47,50,51],"class_list":["post-69","post","type-post","status-publish","format-standard","hentry","category-protect-your-investment","tag-homeowners","tag-business","tag-energy-saving","tag-audits"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t