At Genworth Canada, we want to help protect the environment and support consumers as they make environmentally friendly choices.
Through our 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 insurance is obtained.
Consumer Benefits
- A 10% refund of the Genworth Canada mortgage insurance premium
- Access to Genworth’s Homebuyer Privileges®, an exclusive on-line discount program for commonly purchased household items
- Enhanced qualifying: Debt Servicing Ratios can be calculated using the estimated reduced heating costs as per the energy efficiency evaluation report
- Available on all Genworth Canada mortgage insurance products
Mortgage Insurance Premium Refund Example
| $300,000 mortgage @ 95% LTV | Premium Payable* |
| Standard Premium (95% LTV = 2.75%) | $8,250 |
| Energy-Efficient Premium Refund (10%) | ($825) |
| Total Premium | $7,425 |
* Mortgage Insurance Premium does not include any applicable provincial sales tax
Loan Purpose
- Purchase (New Construction or/ Existing Home)
- Purchase Plus Improvements or Refinance with Improvements (Where the improvements are being made to make the home more energy-efficient and are funded through a Genworth Canada insured mortgage)
How to Get Your Refund
Getting your energy-efficient refund is as easy as 1-2-3:
1) Satisfy our eligibility requirements below:
Purchasing a new or existing home*:
Built under a Genworth Canada qualifying energy efficient building program (to view the current list click here)
Meet the minimum EnerGuide rating as per the table below
| Closing Date | Minimum EnerGuide Rating |
| On or after January 1, 2013 | 82 |
| From January 1, 2011 to December 31, 2012 | 80 |
| On or before December 31, 2010 | 77 |
or high-rise condominium units, the building in which the unit is being purchased must be:
Registered with the Canada Green Building Council or LEED© certified
or
if closing date is before January 1st, 2013 the building must be:
- 25% more energy efficient than Canada’s Model National Energy Code for Buildings
- If closing date is on or after January 1st, 2013 the building must be the greater of:
- 5% more energy efficient than provincial/territorial requirements (if applicable), or
- 20% more energy efficient than the model National Energy Code for buildings
- Renovating an existing home (Purchase Plus Improvements or Refinance with Renovations)*:
- Obtain a Genworth Canada insured mortgage to make energy-efficient improvements
- Certify that energy-efficient improvements have been made to increase its EnerGuide rating by at least five points to a minimum rating of 40
- *The home being purchased or renovated must be Genworth-insured and funded on or after January 1, 2005
2) Apply by downloading the application form
3) Submit by mailing or faxing your completed application, along with the following 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:
- Provide a copy of the first page of your energy efficiency evaluation report or R-2000 certification or
- Provide documentation certifying your home was built under a Genworth Canada qualifying energy efficient building program
For high-rise condominiums, provide a copy of the building’s LEED ® – Certification or confirmation that the project has been registered** with the Canada Green Building Council or
Confirmation from the builder that the condominium is 25% more energy efficient than Canada’s Model National Energy Code for Buildings if closing date is before January 1st 2013. If closing date is on or after January 1st 2013, confirmation that the building is the greater of 5% more energy efficient than provincial/territorial requirements (if applicable) or 20% more energy efficient than the model National Energy Code for buildings
**For a list of projects registered with the Canada Green Building Council click here
Renovated existing homes
Provide a copy of both the pre-improvement and the post-improvement energy efficiency evaluation report (For an EnerGuide rating please refer to a licensed energy advisor from Ridge Energy Consultants).
Refunds are processed and mailed within 7 business days of receipt of application. Genworth Canada must receive all mortgage insurance premiums and fees prior to issuing the premium refund.
How to Get Your Homebuyer Privileges®
Along with the refund, you’ll receive a password and instructions, enabling you to register as a new member of Homebuyer Privileges® on our website. There you’ll get access to great savings on home-related products and services including major appliances, moving services and rentals, security systems, home services, computers and more.
* Available to customers of participating Financial Institutions.
Genworth Canada Eligible Energy-Efficient Building Programs
- R-2000 (National)
- LEED® Canada for Homes
- Built Green ™ (Alberta and British Columbia) – Platinum Label Homes (Note: Gold, Silver, and Bronze label homes are only eligible if they receive an EnerGuide rating indicating they meet Genworth’s minimum score based on the property’s closing date*)
- Novoclimat™ (Quebec)
- EnergyStar® for New Homes (Ontario / Saskatchewan)
- Greenhouse™ (Ontario)
- Power Smart™ (Manitoba)
- Power Smart™ (British Columbia)
- GreenHome (Yukon)