Buying a Home from a Builder

The RBC Green Home Mortgage Program^{legal disclaimer*}

Providing financing for new, pre-construction homes located in certified energy-efficient developments across Canada.^{legal disclaimer 1}

Connect with an RBC Mortgage Specialist

Mortgages Designed for New Energy-Efficient Home Builds

An RBC Green Home Mortgage aims to make owning an energy-efficient home accessible, with lower mortgage payments^{legal disclaimer 2} combined with the potentially reduced operating costs of the home itself.

What is an energy-efficient home?

An energy-efficient home, sometimes referred to as a green home an eco-friendly home, is built to use less energy than a traditionally built home, making it more sustainable.

As well, energy-efficient enhancements could help lower operational costs, saving you money.^{legal disclaimer 3}

To achieve high energy performance and lower (or no) greenhouse gas emissions, it should include most or all of these features:

High R-value insulation
High-efficiency windows and doors
Smart and energy-efficient lighting
Onsite renewable energy generation, such as a solar panel system
A programmable and high-efficiency heating and cooling system
Air source heat pump
ENERGY STAR certified appliances

Benefits of an RBC Green Home Mortgage

Lower monthly mortgage payments

An RBC Green Home Mortgage comes with the option to extend the amortization period to up to 35 years (versus a traditional mortgage with a 30-year amortization).^{legal disclaimer 2}

Financing for upgrades

You may be able to include the costs of energy-efficient upgrades as part of your purchase price. Speak to your RBC Mortgage Specialist to learn more.

Complete your mortgage from the comfort of your home

As always, you can connect with an RBC Mortgage Specialist online or by phone and complete your documents electronically. It’s simple, convenient and secure.

Special Offers and Rebates

25% Mortgage Insurance Premium Rebate from CMHC, Sagen, Canada Guaranty

When you apply for your RBC Green Home Mortgage to purchase and own an energy-efficient home, you can apply for a 25% partial premium refund or upfront discount^{legal disclaimer 4}. For more information about mortgage default insurance premiums and rates, please visit the CMHC website (external site opens in a new window).

Special Mortgage Offers from RBC

You may be eligible for one of our current in-market mortgage offers, depending on your purchase date. Speak with an RBC Mortgage Specialist to learn more.

Legal Disclaimer^*

RBC Green Home Mortgage is a loan secured against residential property, where the residential property meets a certain energy efficient standard. Only certain properties are eligible for the RBC Green Home Mortgage program. RBC’s standard lending criteria applies. RBC may in its sole and absolute discretion determine the energy efficient standards and criteria that apply. The residential home must have: (1) received, or expect to receive based on their design, construction and operation plans, certification according to third-party verified building standards, for example, but not limited to, ENERGY STAR for New Homes, LEED, Canadian Home Builders Association, BC Energy Step Code; or (2) achieved, based on a third-party assessment, GHG emissions performance in the top 15% of their city. The borrower will be required to provide evidence in a form and substance satisfactory to RBC that confirms the home meets the energy efficient standard RBC applies at the time of closing.

Legal Disclaimer¹

Must be purchased from an accredited RBC Preferred Builder which has provided evidence to RBC that the home is going to be certified. Some of the common certifications eligible under the Green Home Program are, but may not be limited to, ENERGY STAR for New Homes (Version 17.1+), LEEDS Canada for Homes (Gold or Platinum), CHBA’s Net Zero, Net Zero Ready, Toronto Green Standards V.4+, and BC Step Code Step 4 (part 9) and Step 3 (part 3).

Legal Disclaimer²

Subject to eligibility. Selecting a longer amortization could potentially result in higher total interest costs. An up front premium discount to further lower mortgage payments is available through CMHC (external site opens in a new window) and for select eligible homes.

Legal Disclaimer³

For more information on how energy efficient enhancements could lower home operating costs visit: https://www.enerquality.ca/certification/ (external site opens in a new window) and https://natural-resources.canada.ca/energy-efficiency/energy-star/new-homes/energy-starr-certified-homes (external site opens in a new window)

Legal Disclaimer⁴

A 25% mortgage insurance premium rebate is available if your new build home falls under the CMHC Eco Plus program, Sagen Energy Efficient Housing Program or Canada Guaranty Energy-Efficient Advantage Program. For additional information about the mortgage default insurance premiums and rates, please visit:

https://www.cmhc-schl.gc.ca/consumers/home-buying/mortgage-loan-insurance-for-consumers/cmhc-eco-products/cmhc-eco-plus (external site opens in a new window)

https://www.sagen.ca/products-and-services/energy-efficient-housing/ (external site opens in a new window)

https://www.canadaguaranty.ca/energy-efficient-advantage-program/ (external site opens in a new window)

Green Home Mortgages

The RBC Green Home Mortgage Program^{legal disclaimer*}

Mortgages Designed for New Energy-Efficient Home Builds

What is an energy-efficient home?

Benefits of an RBC Green Home Mortgage

Special Offers and Rebates

RBC Mortgage Specialists are Here to Help

Green Home Mortgages

The RBC Green Home Mortgage Programlegal disclaimer*

Mortgages Designed for New Energy-Efficient Home Builds

What is an energy-efficient home?

Benefits of an RBC Green Home Mortgage

Special Offers and Rebates

The RBC Green Home Mortgage Program^{legal disclaimer*}