Energy Efficient Housing Program

Sagen wants to help protect the environment and support consumers as they make environmentally friendly choices. Through the Sagen Energy-Efficient Housing Program, homebuyers purchasing an energy-efficient home or making energy saving renovations are eligible for significant premium savings when Sagen mortgage insurance is obtained.

Note: If the loan was received by Sagen prior to June 20, 2022, the loan may be eligible under the previous program criteria.

Consumer Benefits

• A refund of 25% of the Sagen mortgage insurance premium.
• Available on all Sagen mortgage insurance products.

Mortgage Insurance Premium Refund Example :

*Mortgage insurance premium does not include any applicable provincial sales tax.

Loan Purpose

• Purchase (New Construction or Existing Home)

Eligibility Requirements

To be eligible for the premium refund of 25%, the level of energy efficiency and/or greenhouse gas emissions can be determined via the following three options:

• Property meets eligible certification criteria (refer to “Eligible Certifications” section below)
• Greenhouse Gas (GHG) Emissions – properties that fall within the top 15^th percentile of lowest GHG emissions rating within a given area (refer to “Greenhouse Gas Emissions” section below)
• Energy Consumption – properties with at least 20% lower energy consumption (gigajoules/year) than “A Typical New House” (refer to “Energy Consumption” section below)

Eligible Certifications:

A property (new construction, existing home, or condominium) that has been built and received a certification from one of the following programs is eligible for the 25% premium refund:

Greenhouse Gas (GHG) Emissions:

A property (new construction or existing home) that falls within the top 15^th percentile for lowest NRCan EnerGuide “tonnes/year GHG rating” for the Heating Degree Day (HDD) zone is eligible for the 25% premium refund.

Steps to determine Greenhouse Gas (GHG) Emissions:

1. Identify the GHG emissions rating (tonnes/year) found on the property’s EnerGuide Label.
2. Identify the HDD zone for the property by using the NRCan’s HOT2000 Climate Map. Enter the property’s full civic address and obtain the property’s “Annual Heating Degree Days (HDD)”. Based on the annual heating degree days number, determine the corresponding HDD zone using the chart below.
3. To be eligible for the partial refund, the GHG emissions rating (tonnes/year) on the EnerGuide Label must be less than or equal to the corresponding threshold in the table shown below:

Notes:

Quebec’s low GHG thresholds are rounded up to 0.1 tonnes / year.

Where no HDD zone exists for that province, no thresholds are provided.

No EnerGuide Label issued yet for NS zone 5, NT zone 7B, SK zone 6. For those zones, the threshold is assumed to be same as that of next highest HDD zone.

For EnerGuide labels issued before Nov 2020 that apply to AB zone 8, BC zone 8 and NB zone 5, please use thresholds 14.4, 2.8 and 5.8 respectively.

Energy Consumption:

A property (new construction or existing home) that has an NRCan EnerGuide (gigajoules/year) rating at least 20% lower than “A Typical New House” is eligible for the 25% premium refund.

Additional Criteria:

• Sagen must receive all mortgage insurance premiums and fees prior to issuing the partial premium refund.
• The partial premium refund is based on the amount of premium paid on the Sagen insured loan at the time of funding. In the event a borrower is utilizing Sagen’s Portability Program to port an existing mortgage to a new energy efficient home the percentage premium refund would only be applicable to the increase in loan amount.
• The date of the premium refund application cannot be greater than 24 months from the closing date of the mortgage.
• All supporting energy-efficient documentation cannot be greater than 5 years old.

To apply for the Energy-Efficient Rebate:

Please complete the online application and upload the required documentation electronically or download and complete the PDF version. Submit the document by mailing or faxing your completed application, along with the required documentation to:

Sagen
2060 Winston Park Drive
Suite 300
Oakville, ON L6H 5R7

Attention: Finance Department – Energy Efficient Group

Documentation requirements to accompany application form

Purchasing a new or existing home

• Documentation confirming your home was built under a certified program.

OR

• A copy your EnerGuide Label or EnerGuide Renovation Upgrade report (if available) confirming the energy consumption rating or greenhouse gas emissions level meets the Energy Efficient Housing Program requirements.

Refunds are processed and mailed within 30 business days of receipt of application.

Please Note: If you are submitting an Energy Efficient application, Sagen reserves the right to request additional information or documentation beyond what is outlined above in order to complete the application process.