Canadian home builders, we’d like to introduce you to the RBC® Green Home Mortgage program. This initiative is tailor-made for the sale of energy-efficient homes, offering benefits that align with the growing trend towards sustainable living. We need more of these programs that support energy-efficient and sustainable construction.
What is the RBC Green Home Mortgage?
This program is specifically designed for financing new, pre-construction homes in energy-efficient developments across Canada. It focuses on making owning an eco-friendly home more accessible and cost-effective.
Key Benefits for Homebuyers
- Firm Mortgage Approval: Homebuyers enjoy the certainty of a firm mortgage approval, valid throughout the construction period until closing.
- Tailored Communication: Regular updates ensure everyone involved is well-informed throughout the process.
- Customized Advice and Special Lending Programs: RBC offers specialized guidance and programs to fit unique needs, including energy-efficient upgrades.
- Lower Monthly Payments and Extended Amortization: The program offers the option to extend the amortization period up to 35 years, leading to lower monthly payments.
- Online Application Process: Convenient and secure, the online process simplifies mortgage application.
What Qualifies as an Energy-Efficient Home?
Homes eligible for this mortgage program are designed for environmental sustainability and reduced energy usage. They typically feature high R-value insulation products such as Halo, Heat-Sheet and Logix ICF which are a series of engineered insulation products offered by Logix Brands.
Why Choose RBC Green Home Mortgage?
- Cost Savings: The program’s extended amortization period and potential reduced operating costs of the home make it financially attractive.
- Sustainability: With Canada’s commitment to reducing greenhouse gas emissions, building energy-efficient homes is not just a trend but a necessity. This program supports builders in meeting these eco-friendly standards.
- Support for Upgrades: Financing for energy-efficient upgrades means more flexibility in building homes that meet high environmental standards.
- Cash Incentive: Qualifying new build homes could get up to $3,000 cash, adding an extra incentive for homebuyers.
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For Builders: A Step Towards Sustainable Building
The RBC Green Home Mortgage is a step towards sustainable building practices in Canada. It supports builders who contribute to reducing the carbon footprint of new homes, aligning with Canada’s environmental goals.
Another key resource for builders is the Pathway To Performance booklet published by Logix Brands. It’s a building science-principled plan to help builders profitably construct healthy & durable code-compliant and energy efficient homes. Download this valuable resource here.
