Energy-Efficient Program

Energy-Efficient Advantage Program

To support initiatives that promote environmental consciousness and its ongoing protection, we are pleased to offer a 25% premium refund on the Canada Guaranty mortgage insurance premium paid for qualified borrowers purchasing a newly constructed, energy-efficient home.

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Program Overview

Qualified borrowers who purchase a newly constructed energy-efficient home may be eligible to receive a 25% premium refund.

Transaction Types

• Purchase: New Construction.

Borrower Qualifications

• Mortgage financing must be insured through Canada Guaranty.
• Canada Guaranty must receive all original mortgage insurance premiums and applicable fees prior to issuing the partial premium refund.
• Partial premium refund applications must be submitted within 24 months of the mortgage closing date.

Premium Refund Process

• Once all required criteria are met, Canada Guaranty will refund the borrower the approved percentage of the standard mortgage insurance premium (including applicable provincial sales tax).
• Refunds are processed and issued directly to the homeowner within 8-12 weeks after receiving the partial premium refund application.

Mortgage Insurance Premium Refund Example (25%)

*For the purpose of this example, the mortgage insurance premium does not include any applicable provincial sales tax.

PREMIUM REFUND ELIGIBILITY 

All applicable and required documentation must be submitted together with the completed premium refund application form. In addition to satisfying all borrower qualifications, to qualify for the 25% premium refund, the insured property must be a newly constructed home and meet one of the following criteria:

1. Property meets eligible certification criteria: Please see the “Eligible Certifications” listed below.
2. Energy Consumption: Properties with at least 20% lower energy consumption (gigajoules/year) than “A Typical New House”.

Note: Eligibility for the Energy Consumption requirement will need to be assessed using the Natural Resources Canada (NRCan) EnerGuide Rating System.

(1) Eligible Certifications:

A new construction property that has received a certification from one of the following programs is eligible for the 25% premium refund.

(2) Energy Consumption:

A new construction property with an NRCan EnerGuide gigajoules/year rating that is at least 20% lower than “A Typical New House” is eligible for the 25% premium refund.

DOCUMENTATION REQUIREMENTS

Purchasing a new home

• Documentation confirming your home was built under a certified program.
  OR
• A copy of your EnerGuide Label confirming the energy consumption rating meets the Energy Efficient Housing Program requirements.

HOW TO APPLY FOR THE PARTIAL PREMIUM REFUND

To apply for a partial premium refund, the homeowner must download, complete, and mail, e-mail or fax the refund application form, together with all required documentation, to the appropriate address/fax number listed below:

Once all of the required criteria are met, Canada Guaranty will refund the homeowner the approved percentage of the standard mortgage insurance premium (including applicable provincial sales tax).

Refunds are processed and issued directly to the homeowner within 8-12 weeks after receiving the partial premium refund application.

Last Updated: 07/2025