Unlock Big Savings with CMHC Eco Plus & PTT Exemptions
Are you planning to buy a home? If so, you may be eligible for CMHC’s Eco Plus program, which offers a 25% reduction in your mortgage insurance premium—either upfront or as a refund after funding, depending on the lender. We work with specific lenders who apply the savings immediately, so you don’t have to wait or go through the refund process yourself!
When combined with property transfer tax (PTT) exemptions for new construction, these savings can significantly improve your affordability.
How Does CMHC Eco Plus Work?
CMHC Eco Plus rewards buyers purchasing energy-efficient homes with a 25% rebate on their mortgage insurance premium. With the right lender, this can be deducted from your mortgage costs upfront. Otherwise, borrowers must apply for the refund after funding.
Real Savings Example
Let’s say you’re a first-time buyer purchasing a $1.1M home with 10% down:
Home Price: $1,100,000
Down Payment (10%): $110,000
Mortgage Amount (Including Insurance Premium): $1,014,990
CMHC Insurance Premium (4% standard rate): $44,990
CMHC Eco Plus Rebate (25%): $11,247
New Total Mortgage After Rebate: $1,003,743
Monthly Mortgage Payment @ 4.5% (30-year amortization): $5,070
Monthly Savings Due to Eco Plus: ~$60 per month
Total Savings Over 30 Years: ~$21,600
Additional Savings: Property Transfer Tax (PTT) Exemption
If you’re purchasing a newly built home, you may also qualify for a full or partial PTT exemption, which can save you over $18,000 upfront!
Learn More About PTT Exemptions for New Builds: BC Government – Property Transfer Tax Exemptions
Why This Matters
Lower Upfront Costs: Reduce your mortgage insurance premium with the right lender.
Improve Affordability: A lower total mortgage can help with qualification.
Long-Term Savings: Keep more money in your pocket over the years.
We Work with Specific Lenders to Get You These Savings Upfront!
Not all lenders apply the Eco Plus rebate at the time of funding—some require you to apply for the refund separately. We can connect you with lenders that offer the savings immediately, so you don’t have to go through the extra steps.
Looking for the Right Home? We Can Help!
Beyond securing the best mortgage options for you, we can also introduce you to trusted realtors who specialize in energy-efficient homes and new construction projects that qualify for these incentives.
Let’s Explore Your Options!
Our team is here to guide you through the process and ensure you’re taking advantage of every available savings opportunity.
Contact Us Today for a Personalized Review
Angela Calla Mortgage Team
604-802-3983
Learn More About CMHC Eco Plus: CMHC Eco Plus Program
Angela Calla is an 19-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code“, Angela educates prospective home buyers by providing vital information on mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.
Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at hello@countoncalla.ca or at 604-802-3983.
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