Top 26 grants and rebates for homeowners in Vancouver. A report from the Real Estate Board of Greater Vancouver.

1. Top 26 grants and rebates for property buyers and owners
1 10
Home eligible for a rebate of 71.43% of Valley regional districts; CMHC Mortgage
Buyers’ the provincial portion of the HST, • an additional grant of $770 Loan Insurance
Plan up to $26,250 per unit. to rural homeowners else- Premium Refund
Qualifying where in the province; and Provides home buyers with
www.hstinbc.ca/making_your_
home buyers can • an additional grant of $275 to CMHC mortgage insurance, a
choice/faqs/new_housing_rebate
withdraw up to seniors aged 65+, those who 10% premium refund and possible
1.800.959.8287
$25,000 (couples are permanently disabled and extended amortization without sur-
can withdraw up war veterans of certain wars. charge when buyers purchase an
5
BC Property Transfer
to $50,000) from energy efficient mortgage or make
Tax (PTT) First Time BC Ministry of Small Business
their RRSPs for energy saving renovations.
Home Buyers’ Program and Revenue www.rev.gov.bc.ca/
a down payment.
Qualifying first-time buyers may hog or contact your municipal tax www.cmhc.ca/en/co/moloin/
Home buyers who have repaid
be exempt from paying the PTT of office. moloin_008.cfm#reno
their RRSP may be eligible to use
1% on the first $200,000 and 2% 604.731.5733
the program a second time.
8
on the remainder of the purchase BC Property Tax
11
Canada Revenue Agency www. price of a home priced up to Deferment Programs Energy Saving
cra.gc.ca Enter ‘Home Buyers’ $425,000. There is a proportional Mortgages
Plan’ in the search box. exemption for homes priced up to Property Tax Deferment Pro- Financial
1.800.959.8287 $450,000. gram for Seniors. Qualifying institutions offer a range of
home owners aged 55+ may be mortgages to home buyers and
2
BC Ministry of Small Business eligible to defer property taxes.
GST Rebate on New owners who make their homes
and Revenue www.sbr.gov.
Homes more energy efficient. For
bc.ca/business/Property_Taxes/ Financial Hardship Property
New home buyers can example, home owners who have
Property_Transfer_Tax/ptt.htm Tax Deferment Program. Quali-
apply for a rebate of the federal a home energy audit within 90
250.387.0604 fying low-income home owners
portion of the HST (the 5% GST) days of receiving an RBC Energy
may be eligible to defer property
if the purchase price is less than Saver™ Mortgage, may qualify
6
First-Time Home taxes.
$350,000. The rebate is up to 36% for a rebate of $300 to their RBC
Buyers’ Tax Credit
of the GST to a maximum rebate Property Tax Deferment account.
(HBTC)
of $6,300. There is a proportional Program for Families with
This federal non-refundable www.rbcroyalbank.com/products/
GST rebate for new homes costing Children. Qualifying low income
income tax credit is for qualify- mortgages/energy-saver-mortgage.
between $350,000 and $450,000. home owners who financially sup-
ing buyers of detached, attached, html
port children under age 18 may be
Canada Revenue Agency www. apartment condominiums, mobile 1.800.769.2511
eligible to defer property taxes.
cra.gc.ca Enter ‘RC4028’ in the homes or shares in a cooperative
12
search box. housing corporation. The calcula- BC Ministry of Small Business Low Interest
1.800.959.8287 tion: multiply the lowest personal and Revenue www.sbr.gov.bc.ca/ Renovation Loans
income tax rate for the year (15% individuals/Property_Taxes/Prop- Financial institu-
3
BC New Housing Rebate in 2010) x $5,000. For the 2010 erty_Tax_Deferment/ptd.htm tions offer ‘green’ loans for home
(HST) tax year, the maximum credit is owners making energy efficient
9
Buyers of new or $750. Canada Mortgage upgrades. Vancity’s Bright Ideas
substantially renovated homes and Housing personal loan offers home owners
Canada Revenue Agency www.
priced up to $525,000 are eligible (CMHC) Residential up to $20,000 at prime + 1% for
cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-
for a rebate of 71.43% of the Rehabilitation Assistance up to 10 years for ‘green’ renova-
tx/rtrn/cmpltng/ddctns/lns360-
provincial portion (7%) of the Program (RRAP) Grants. This tions. RBC’s Energy Saver loan
390/369/menu-eng.html
12% HST paid to a maximum federal program provides financial offers 1% off the interest rate for
1.800.959.8281
rebate of $26,250. Homes priced aid to qualifying low-income a fixed rate installment loan over
at $525,000+ are eligible for a flat home owners to repair substandard $5,000 or a $100 renovation on a
7
BC Home Owner Grant
rebate of $26,250. housing. Eligible repairs include home energy audit on a fixed rate
Reduces property
heating, structural, electrical, installment loan over $5,000.
www.hstinbc.ca/making_your_ taxes for home owners
plumbing and fire safety. Grants For information visit your finan-
choice/faqs/new_housing_rebate with an assessed value of up to
are available for seniors, persons cial institution.
1.800.959.8287 $1.285,000. The basic grant gives
with disabilities, owners of rental
home owners www.vancity.com/Loans/
properties and owners creating
4
BC New Rental Housing • a maximum reduction of $570 BrightIdeas and www.
secondary and garden suites.
Rebate (HST) in property taxes on principal rbcroyalbank.com/products/
Landlords buying new or residences in the Capital, www.cmhc-schl.gc.ca/en/co/ personalloans/energy-saver-loan.
substantially renovated homes are Greater Vancouver and Fraser prfinas/prfinas_001.cfm html
1.800.668.2642 | 604.873.7408 Continued on page two
1 Real Estate Board of Greater Vancouver • Updated January 10, 2012

2. Top 26 grants and rebates for property buyers and owners continued
13 17 21 24
LiveSmart BC Hydro City of Vancouver Vancity Green
BC: Efficiency Windows Rebate Solar Homes Pilot Building Grant
Incentive Program Program This rebate of In partnership with
Home owners improving the Pay no HST when you buy EN- $3,000 (about 50% of the cost) the Real Estate Foundation of
energy efficiency of their homes ERGY STAR high-performance is for a Vancouver home owner BC, Vancity provides grants up to
may qualify for cash incentives windows and doors. upgrading to a solar hot water $50,000 each to qualifying chari-
through this provincial program system from a gas system. Of- ties, not-for-profit organizations
www.bchydro.com/rebates_
provided in partnership with For- fered by the City of Vancouver, and co-operatives for projects
savings/windows_offers/current_
tisBC, BC Hydro, and FortisBC. SolarBC, FortisBC and Offsetters which focus on building renova-
offers.htm
Rebates are for energy efficient on a first come, first served basis tions/retrofits, regulatory changes
604.759.2759 for a free in-home
products which replace gas and oil until the City reaches its target of that advance green building devel-
estimate.
furnaces, pumps, water heaters, 30 homes. opment, and education to increase
wood stoves, insulation, win- the use of practical green building
18
BC Hydro Mail-in www.vancouver.ca/solar
dows, doors, skylights and more. strategies.
Rebates/Savings 604.871.6288
The LiveSmart BC program also
Coupons www.vancity.com/MyCommunity/
covers $150 of the cost of a home
22
To save energy, BC Hydro offers City of Vancouver NotForProfit/Grants/
energy assessment, directly to the
rebates including 10% off an Rain Barrel ActingOnClimateChange/
service provider.
ENERGY STAR cordless phone. Subsidy Program GreenBuildingGrant
www.livesmartbc.ca/rebates Check for new offers and for The City of Vancouver provides 604.877.7000
1.866.430.8765 deadlines. a subsidy of 50% of the cost of a
25
rain barrel for Vancouver resi- Local Government
14
www.bchydro.com/rebates_
BC Residential dents. With the subsidy, the rain Water
savings/coupons.html
Energy Credit barrel costs $75. Buy your rain Conservation
1.800.224.9376
Home owners and barrel at the Transfer Station at Incentives
residential landlords buying heat- 377 W. North Kent Ave., Vancou- Your municipality may provide
19
FortisBC Rebate
ing fuel receive a BC government ver, BC. Limit of two per resident. grants and incentives to residents
Program
point-of-sale rebate on utility bills Bring proof of residency. to help save water. For example,
A range of rebates
equal to the provincial component the City of Coquitlam offers resi-
for home owners include a $50 http://vancouver.ca/engsvcs/
of the HST. dents a $100 rebate and the City of
rebate for upgrading a hot water watersewers/water/conservation/
North Vancouver, District of North
www.sbr.gov.bc.ca/business/ tank, $150 rebate on an Ener- programs/rainbarrel.htm
Vancouver, and District of West
consumer_taxes/residential_ Choice fireplace and a $1,000 604.736.2250
Vancouver offer a $50 rebate when
energy/residential_energy.htm rebate for switching to natural Other municipalities have similar
residents install a low-flush toilet.
1.877.388.4440 gas (from oil or propane) and offers.
Visit your municipality’s website
installing an ENERGY STAR
and enter ‘toilet rebate’ to see if
15 23
BC Hydro heating system. City of Vancouver
there is a program.
Appliance Rebates Greenest City 2020
www.fortisbc.com/NaturalGas/
26
Mail-in rebates for Pilot Home Energy
Homes/Offers/Pages/default.aspx Local Government
purchasers of ENERGY STAR Loan Programnt
1.888.224.2710 Water Meter
clothes washers, refrigerators, The City of Vancouver in coop-
Programs
dishwashers, or freezers. eration with Vancity, FortisBC,
20
FortisBC Efficient Your municipality may provide
BC Hydro and Natural Resources
www.bchydro.com/rebates_ Boiler Program a program for voluntary water
Canada offers access to loans for
savings/appliance_rebates.html For commercial metering, so that you pay only for
energy retrofits including heating
1.800.224.9376 buildings, provides a cash rebate the amount of water that you use.
systems, insulation and air sealing.
of up to 75% of the purchase price Delta, Richmond and Surrey have
Loans are at 4.5% fixed rate over
16
BC Hydro Fridge of an energy efficient boiler, for programs and other municipali-
10 years. The program also helps
Buy-Back Program new construction or retrofits. ties may soon follow. Visit your
with accessing grants from the
This ongoing pro- municipality’s website and enter
www.fortisbc.com/NaturalGas/ federal ecoENERGY program, the
gram rebates BC Hydro custom- ‘water meter’ to find out if there is
Business/Offers/Pages/default. provincial LiveSmart BC program
ers $30 to turn in spare fridges in a program.
aspx and FortisBC.
working condition.
1.888.477.0777
www.vancouver.ca/energyloan
www.bchydro.com/rebates_
Email: energyloan@vancouver.ca.
savings/fridge_buy_back.html
604.374.0507.
604.881.4357
Real Estate Board of Greater Vancouver • Updated January 10, 2012 2