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The Genworth Mortgage Loan Insurance Premium Refund Program provides either a 15% or 25% premium refund on your mortgage loan insurance when you purchase a high-rise condo unit in an energy efficient building.

Available Incentives

  • To access a 15% Premium refund, you must achieve the following:
    • The building must meet the LEED Canada New Construction Standard (Certified Silver, Gold or Platinum). You will automatically qualify for a 15% refund.
    • The building must be designed to be 20% more energy-efficient than compliance with the energy provisions of the applicable building code.
  • To access a 25% Premium refund, you must achieve the following:
    • The building must be designed to be 40% more energy-efficient than compliance with the energy provisions of the applicable building code.

Eligibility Requirements

  • You must have purchased a condo and currently have mortgage financing through Genworth.
  • You must pay your lender for the costs of the lender’s Genworth mortgage loan insurance.

How to Apply

  1. Purchase a condo and finance your mortgage through Genworth mortgage loan insurance.
  2. Complete the online application and upload the required documentation or complete the paper application form and submit by fax or mail to
    Genworth Canada
    2060 Winston Park Drive (Suite 300)
    Oakville, ON
    L6H 5R7
  3. Allow at least 30 business days for your application to be processed.

Deadlines

  • Application must be submitted within 24 months of the closing date of the mortgage.
  • Supporting energy efficiency documentation can be no more than 5 years old.

Other

  • Check out our incentive search tool for other energy efficiency upgrades incentives.
  • Did you see a building science or energy efficiency term you did not understand? Check out our glossary.
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Program Contact Information