Genworth Canada wants to help protect the environment and support consumers as they make environmentally friendly choices. Through the Genworth Canada Energy- Efficient Housing Program, home buyers purchasing an energy-efficient home or making energy saving renovations are now eligible for significant premium savings when Genworth Canada mortgage insurance is obtained.

Consumer Benefits:

  • A refund of up to 25 per cent of the Genworth Canada insurance premium.
  • Available on all Genworth Canada mortgage insurance products.
$300,000 mortgage @ 95% LTV Premium Payable*
Standard Premium (95% LTV = 4.00%) $12,000
Energy-Efficient Premium Refund (15%) ($1,800)
Total Premium $10,200

* Mortgage Insurance Premium does not include any applicable provincial sales tax.

Eligibility Requirements

  • The energy-efficient home purchased, built or renovated to make energy-efficient improvements to the home must have used Genworth Canada insured financing and meet all applicable Energy-Efficient Housing Program requirements noted below.
  • Genworth Canada must receive all mortgage insurance premiums and fees prior to issuing the partial premium refund.
  • The percentage refund is based on the amount of the premium paid on the Genworth Canada insured loan at the time of funding. In the event a borrower is utilizing Genworth Canada’s Portability Program to port an existing mortgage to a new energy efficient home the percentage premium refund would only be applicable to the increase in loan amount.
  • The date of the premium refund application cannot be greater than 24 months from the closing date of the mortgage.
  • All supporting energy efficient documentation cannot be greater than 5 years old.

Purchasing a new or existing home:

  • If the home is built under one of the qualifying energy efficient building programs listed below it is eligible for a partial premium refund:
    15% Premium Refund
    • LEED® Canada for Homes (National)
    • Built Green CanadaTM (National)
    • Novoclimat 2.0 TM (Quebec)
    • EnergyStar® (National)
    • Greenhouse TM (Ontario)
    • Power Smart (Manitoba)
    • GreenHome (Yukon)
    25% Premium Refund
    • R-2000 (National)

OR

  • If the home is not built under a qualifying energy-efficient building program, an NRCan qualified energy advisor must assess the home to confirm that it meets the EnerGuide ratings of one of the two scales listed below:
    EnerGuide Rating 0-100 Scale
    • Rating of 82-85 for a 15% refund
    • Rating of 86-100 for a 25% refund
    EnerGuide Rating Gigajoules
    per year Scale
    • Rating of ≥ 15% lower than “A Typical New House” for a 15% refund
    • Rating of ≥ 40% lower than “A Typical New House” for a 25% refund

Purchasing a new or existing high-rise condominium unit, the building in which the unit is being purchased must be built to one the energy efficient requirements listed below:

  • Built to LEED Canada New Construction Standard (Certified, Silver, Gold and Platinum) to qualify for a 15% premium refund

OR

  • If the condo building meets the requirements listed below you may also be eligible:
    • Built to be 20% more energy-efficient than compliance with the energy requirements of the applicable building code to qualify for a 15% refund.
    • Built to be 40% more energy efficient than compliance with the energy requirements of the applicable building code to qualify for a 25% refund.

Purchasing an existing home and completing renovations:

  • Obtain a Genworth Canada insured mortgage using the Purchase Plus Improvements Product to make energy-efficient improvements to the home.
    • Improvements made to individual condominium units that have shared heating / ventilation are not eligible for partial premium refunds
  • An NRCan qualified energy advisor must perform a pre-improvement and the post-improvement energy efficiency evaluation. To contact an Energy Advisor, please visit www.nrcan.gc.ca – “Energy” – “Energy Efficient” – “Energy Efficiency for Homes” – “EnerGuide Energy Efficiency Home Evaluations”
  • Certify that the energy-efficient improvements that have been completed and meet one of the two EnerGuide rating scale requirements listed below:
    EnerGuide Rating
    0 – 100 Scale
    • With a pre-improvement rating <55 the post-improvement rating must increase by ≥ 10 points, achieving a rating of ≥ 60 for a 15% refund or increase by ≥ 20 points, achieving a rating of ≥ 60 for a 25% refund.
    • With a pre-improvement rating ≥ 55 the post-improvement rating must increase by ≥ 5 pointsfor a 15% refund or increase by ≥ 10 points for a 25% refund.
    EnerGuide Rating Gigajoules
    per year Scale (“GJ/yr”)
    • With a pre-improvement rating ≥ 200 GJ/yr. the post-improvement rating must decrease by ≥ 45 GJ/yr. achieving a rating ≤ 250 GJ/yr for a 15% refund or decrease by ≥ 90 GJ/yr. achieving a rating ≤ 250 GJ/yr for a 25% refund.
    • With a pre-improvement rating <200 GJ/yr. the post-improvement rating must decrease by ≥ 20 GJ/yr. for a 15% refund or decrease by ≥ 45 GJ/yr. for a 25% refund.

To apply for the Energy-Efficient Rebate please select one of the following options below:

OR

  • Download and complete the PDF version and submit by mailing or faxing your completed application, along with the required documentation (see below) to:

    Genworth Canada
    2060 Winston Park Drive
    Suite 300
    Oakville, ON L6H 5R7
    Fax: 1 877-246-5509
    Attention: Finance Department - Energy Efficient Group

Documentation requirements to accompany application form:

Purchasing a new or existing home:

  • Documentation certifying your home was built under a Genworth Canada qualifying energy efficient building program.

OR

  • Provide a copy of the first page of your EnerGuide performance evaluation report confirming the Energuide rating of the home is greater than or equal to the minimum program requirements.

Purchasing a new or existing high-rise condominium unit:

  • Copy of the building’s LEED Certificate.

OR

  • Documentation signed by NRCan, the project engineer or builder to confirm that the entire condo building is greater than or equal to the minimum program requirements.

Purchasing an existing home and completing renovations:

  • Provide a copy of the first page of the pre-improvement and first page of the post-improvement EnerGuide performance evaluation report prepared by an NRCan qualified energy advisor confirming that the Energuide rating of the home is greater than or equal to the minimum program requirements.

Genworth Canada will recognize either of the Natural Resources Canada (NRCan) EnerGuide rating systems, the 0-100 Scale or Gigajoules per year scale based on the jurisdiction the home is located in. For detailed information regarding the applicable scale refer to NRcan.

Refunds are processed and mailed within 30 business days of receipt of application.