Grants & Rebates Part II

 

Over the next couple of blogs, we'll be providing a list of grants and rebates for property buyers and owners to make the purchasing process a little more affordable. The first five grants were listed out in the previous blog, which can be found here: Grants & Rebates Part I. Follow along to see how you can keep your wallet feeling a little fuller!

(6) BC Property Tax Deferment Programs
Once you receive your property tax notice, you may be able to apply for a low interest loan to pay your current year property taxes on your principal residence given you satisfy the requirements.

There are three different property tax deferment programs available: [1] Property Tax Deferment Program for Seniors [2] Financial Hardship Property Tax Deferment Program [3] Property Tax Deferment Program for Families with Children. See if you qualify by clicking the link below.

Additional Information: Property Tax Deferment

(7) Home Adaptations for Independence (HAFI)
Sponsored by both the provincial and federal governments, this program provides eligible low-income seniors and disabled homeowners up to $20,000 to finance home modifications to make them accessible and safer.

Additional Information: HAFI Program

(8) CMHC Mortgage Loan Insurance Premium Refund
Canada Mortgage and Housing Corporation (CMHC) is Canada’s national housing agency. CMHC is Canada’s premier provider of mortgage loan insurance, mortgage-backed securities, housing policy and programs, and housing research. This refund provides home buyers with CMHC mortgage insurance, a 10% premium refund and possible extended amortization without surcharge when buyers purchase an energy efficient home or make energy saving renovations.

Additional Information: CMHC Refund

(9) RBC Energy Saver Mortgage
Being mindful of the environment by being energy efficient has its perks! The RBC Energy Saver Mortgage is a unique financing solution that offers a $300 rebate on a home energy audit to help you make improvements to your home's energy efficiency. Go green and save some green!

Additional Information: RBC Energy Saver Mortgage

(10) Low Interest Renovation Loans
Another advantage of going green involves Vancity's Bright Ideas personal loan offer. This loan offers home owners up to $20,000 at prime + 1% for up to 10 years for 'green' renovations to make your home more energy efficient. RBC follows suit with their RBC Energy Saver loan. This loan offers home owners 1% off the interest rate for a fixed rate installment loan over $5,000 or a $100 rebate 

Additional Information: Vancity's Bright Ideas & RBC's Energy Saver Loan

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.