Team Angela Langtry | Real Estate Montreal by Angela Langtry
Did you know that Canada, Quebec and the city of Montreal offer a multitude of rebates for homeowners? Take a look at the links below to see if you qualify!
Financial Programs for Canadian Residents
- First-Time Home Buyer Incentive
- “The First-Time Home Buyer Incentive helps people across Canada purchase their first home. The program offers 5 or 10% of the home’s purchase price to put toward a down payment.”
- Home Buyers’ Amount
- “You can claim $5,000 for the purchase of a qualifying home”
- Home buyers plan
- “The Home Buyers’ Plan (HBP) is a program that allows you to withdraw from your registered retirement savings plans (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability.”
- GST/HST new housing rebate
- “You may be eligible for a new housing rebate for some of the GST/HST paid”
- Partial mortgage insurance refund
- “CMHC offers a premium refund of up to 25% on the CMHC mortgage loan insurance premium when you buy or build an energy-efficient home, or you buy an existing home and make energy-saving renovations”
Financial Programs for Quebec Residents
- Home buyer’s tax credit
- If you qualify, “The maximum tax credit is $750 for a qualifying home. You can split the amount between everyone who is eligible to claim the credit for the same qualifying home.”
- Home charging station rebate
- “You can receive $600 in financial assistance when you purchase a 240-volt home charging station”
- New or substantially renovated housing rebate
- “You may be entitled to a rebate (partial refund) of the GST and QST you paid”
- Wastewater treatment rebate
- “Claim the tax credit for the upgrading of residential waste water treatment systems”
- Quebec Energy Transition rebates:
- Renoclimat rebate
- “Rénoclimat can guide you in your home renovation projects to improve your home’s energy performance.”
- Renoclimat rebate
- Chauffez vert rebate
- “Under the Chauffez vert program, you can receive rapid financial assistance for specific types of energy efficiency work.”
- Chauffez vert rebate
- Éconologis rebate
- “Éconologis is an energy efficiency program for low-income households. It allows households to take advantage of free individualized advice and even to have electronic thermostats installed free of charge.”
- Éconologis rebate
- Novoclimat rebate
- “Novoclimat is a new home program that helps consumers reduce their heating costs by at least 20% and guarantees superior comfort to its future occupants.”
- Novoclimat rebate
- Société d’habitation du Québec:
- Residential adaptation assistance program
- “Its goal is to allow the person with a disability to enter and leave their home, to access the essential rooms of their home and to perform activities of everyday life safely.”
- Program for homes damaged by pyrite (French website only)
- “Part I: financial assistance for carrying out work – Part II: financial assistance for the production of expert reports (New).”
- Residential adaptation assistance program
- RénoRégion rebate (French website only)
- “The objective of the RénoRégion program is to provide financial assistance to low- or modest-income owner-occupants who live in rural areas to carry out work to correct major defects in their home.”
- RénoRégion rebate (French website only)
- Énergir:
- Grants for new customers
- Grant for choosing an energy-efficient appliance.
- Replacing an oil-fired appliance with a natural gas appliance.
- Grants for new customers
- Grants for current customers
- “Énergir customers may be eligible for a number of grants upon purchasing natural gas appliances, whether they are additions or replacements. Grants are also available to help you implement energy-efficiency measures in your home.”
- Grants for current customers
- Low income household supplement
- “Énergir offers supplementary financial assistance to low-income households of up to double the amount of the usual energy efficiency program grant.”
- Low income household supplement
Financial Programs for Montreal Residents
- Home Purchase Assistance Program
- Dreaming of owning a home in Montréal? Thanks to the city’s subsidy program, you can receive financial assistance to purchase a condo, a house or a residential building.
- Renovation programs:
- RenoPlex
- “Do you own a building in Montréal and want financial support for renovation work? Whether you are an individual, a company, a housing co-operative or non-profit organization, this program may help you pay for your work if you meet the criteria.”
- RenoPlex
- Renovation à la carte
- “The program grants you a fixed amount according to the type of renovation you want to carry out.”
- Major Residential Renovation
- “exclusively intended for NPOs and housing cooperatives whose project consists in demolishing and reconstructing a residential building.”
- New renovation program for affordable housing
- “The Affordable housing reno program offers subsidies to owners of buildings containing 6 or more dwelling units to encourage them to renovate their property to extend its usable life, improve quality of life for tenants and encourage ecological transitions.”
If you have any questions and would like to learn more about the current real estate market, you can reach us anytime at:
514-781-2121
info@angelalangtry.ca
