ARE YOU THINKING OF RENOVATING YOUR HOME, BUT DON’T HAVE THE FUNDS TO DO SO? SEE IF YOU QUALIFY FOR ANY OF THESE ONTARIO GRANTS & REBATES!

By: Jay Paramanathan

ARE YOU THINKING OF RENOVATING YOUR HOME, BUT DON’T HAVE THE FUNDS TO DO SO? SEE IF YOU QUALIFY FOR ANY OF THESE ONTARIO GRANTS & REBATES!

Tags: RENOVATING HOME, RENOVATION GRANTS ONTARIO, CANADIAN GOVERNMENT GRANTS HOME IMPROVEMENTS, GTA REAL ESTATE

Residents in Ontario who want to make renovations to their homes will be happy to know that many renovation grants and energy rebates are available.
 
We've compiled a list of available programs for Ontarians, including any current Canadian government subsidies for home improvements.
 
If you're a first-time home buyer searching for strategies to come up with a down payment, click here!
 

REBATES, AND TAX CREDITS FROM THE FEDERAL GOVERNMENT ARE AVAILABLE TO ONTARIO HOMEOWNERS
 
GST/HST New Housing Rebate
For a new or significantly renovated home that is your principal place of residence, you may be eligible for a GST/HST new housing refund of up to $1,500 if you fulfil all the eligibility conditions.
 
CMHC Green Home
With CMHC-insured financing you may get a 15% refund for ENERGY STAR certified homes or a 25% discount on R-2000 certified homes when building or renovating for energy efficiency.
 
 
ONTARIO GRANTS AND REBATES FOR HOME IMPROVEMENTS
 
Grants for Disabled Homeowners  
Low-Income Homeowner Grants  

ONTARIO MUNICIPAL GOVERNMENT GRANTS & REBATES
 
Basement Flooding Protection Subsidy Program
The city of Toronto provides a cash subsidy of up to $3,400 per property to homeowners of single-family, duplex, and triplex residential homes who install flood prevention measures.
 
Toronto Renovates Homeowners Program
For seniors and individuals with disabilities living in low-income households who want to undertake home improvements for their own health, safety, and energy efficiency, the Toronto Renovates Homeowners Program provides financial assistance through the Ontario Renovates program. However, funds are scarce.
 
 

HOMEOWNERS IN ONTARIO CAN TAKE ADVANTAGE OF UTILITY GRANTS AND REBATES
 
Heating & Cooling Incentive
Installing energy-saving appliances may get you up to $850 in rebates. Your home may be eligible for a rebate of up to 5,800 dollars if it is currently heated by an electric heat pump. You may also be eligible for an extra $50 off the price of the heat pump and for a smart thermostat.
 
Home Assistance Program
To help low-income families that qualify; for example, a family of four must earn less than $61,028, the government offers free installation of energy-saving appliances and other items. Lightbulbs, programmable thermostats, and window air conditioners all fall under this category. In addition, you'll get a thorough energy audit of your house, as well as suggestions for how to save even more energy.
 
Enbridge Gas Rebates Enbridge customers who own a home constructed before 1980 and who make less than a certain amount of money each year may be eligible for free home winter proofing services from qualified contractors. As a result, your winter energy expenses may be reduced by 30%.
 
Toronto Hydro Rebates  
Do you need to make repairs in order to put your home on the market? Click here to find out how much your home could be worth.
 
As you can see, Ontarians have access to a wide range of resources for improving their home and these are just a few of the many options accessible.
 
Hopefully this article has been of use to you in your quest to find ways to lower the cost of home maintenance and improvement projects.
 
Get in touch with Jay Paramanathan now if you want to learn more or need help buying or selling a home in the Greater Toronto area.