Ontario Homeowners Government Grants
If you're planning renovations, additions, or multifamily conversions in Ontario, understanding the available government grants and rebates can significantly reduce your costs.
At Triforce Construction, we’re here to guide you through the renovation process and help you take full advantage of these valuable programs, including energy-efficient upgrade rebates, forgivable loans, and substantial HST rebates for large-scale projects. Whether you’re upgrading your home’s efficiency or creating a secondary suite, these programs can make your renovation goals more achievable.
Ready to get started? Contact us at (226) 898-2682 to discuss your grant opportunities with our team.
Triforce Construction: Helping You Find Funding Programs for New Construction and Renovations
We’re a construction company dedicated to delivering exceptional renovations and new builds. However, we also specialize in helping you and your family navigate the complex world of funding opportunities. Our team works to ensure you access the grants and loans you’re eligible for, making your project more affordable.
Here’s how we can help you and your project:
- ● Identify eligible grants and loans
- ● Assist with application processes
- ● Provide expert advice on funding opportunities
- ● Ensure compliance with program requirements
- ● Guide you through renovation planning and budgeting
What Home Renovation Grants Are You Eligible For?
As an Ontario homeowner considering remodeling or construction projects, you have access to various government grants and incentives designed to make your renovations more affordable. These programs aim to encourage energy efficiency, create affordable housing options, and stimulate the construction industry. Whether you're upgrading your home's insulation, adding a secondary suite, or undertaking substantial renovations, there are programs tailored to meet your needs.
Below, we explore the top grants and rebates available in Ontario.
Ontario Home Renovation Savings Program
This program offers significant rebates of up to 30% for energy-efficient home upgrades. These incentives help homeowners reduce energy costs while contributing to a greener environment, making renovation a win-win for both you and the environment.
Eligible upgrades include:
- ● Insulation: Improve energy retention and reduce heating and cooling costs.
- ● Windows and doors: Upgrade to energy-efficient models to minimize heat loss.
- ● Heat pumps: Install systems that provide efficient heating and cooling.
Federal Canada Greener Homes Grant
The federal Canada Greener Homes Grant provides financial assistance to homeowners who prioritize energy-efficient retrofits. This program grants up to $5,000 for retrofits such as insulation, windows, and energy-efficient appliances. You may also qualify for the Canada Greener Homes Loan, which provides interest-free loans up to $40,000 for larger projects, allowing you to spread out the cost over time.
What Are the Federal Canada Greener Homes Loan Repayment Terms?
The Canada Greener Homes Loan is an interest-free loan option that allows homeowners to finance energy-efficient retrofits for their properties. This loan can be repaid over a 10-year period, making it a flexible and manageable option for funding larger renovation projects.
With no interest charged, you can focus solely on repaying the principal amount, easing the financial burden while improving your home's energy efficiency.
CMHC's Apartment Construction Loan Program
For homeowners or developers focusing on larger residential projects, the Canada Mortgage and Housing Corporation (CMHC) offers loans starting at $1 million.
Are You Eligible?
These loans are specifically for:
- ● Constructing new apartment buildings
- ● Converting existing properties into multifamily housing
- ● Enhancing affordable housing availability
- ● Increasing the supply of needed housing, including for seniors and students
Ontario Renovates Program
The Ontario Renovates Program is managed locally, so check with your municipality for specific details. Generally, the program is ideal if you’re looking to create secondary suites or make their properties more accessible. It offers forgivable loans up to $50,000 for projects that align with the program's goals.
For large-scale renovations, you might want to consider the Ontario Substantial Home Renovation HST Rebate. This rebate offers a refund on some of the HST paid for significant renovations (typically, 90% or more of the home’s interior must be remodeled).
What Home Accessibility Upgrades Are Eligible Under the Ontario Renovates Program?
The Ontario Renovates Program offers funding for a variety of accessibility upgrades to help make homes safer and more functional.
Eligible home accessibility modifications include, but are not limited to:
- ● Ramps
- ● Handrails
- ● Chair and bath lifts
- ● Height adjustments to countertops
- ● Cues for doorbells and fire alarms
- ● Bathroom modifications
Other eligible costs may include labour, applicable taxes, building permits, legal fees, certificates, appraisal fees, inspection fees, and drawing and specification fees.
Ineligible Projects under the Ontario Renovates Program
Certain projects are not eligible for funding under the Ontario Renovates Program.
These include:
- ● Landscaping
- ● Routine maintenance
- ● Cosmetic renovations like driveway paving
- ● Painting
- ● Kitchen and bathroom makeovers
Additionally, any modifications made before loan approval or support services such as nursing care or special therapeutic equipment are not covered. The program also excludes modifications to commercial or non-residential components of properties.
What Is the Difference Between a Construction Grant and a Loan?
A government construction grant is a form of financial assistance that does not require repayment. It’s awarded to support specific projects like energy-efficient upgrades or creating affordable housing. In contrast, a government construction loan must be repaid over time, often with interest, but it typically offers favorable terms like low rates or extended repayment periods.
Grants are ideal for homeowners seeking direct financial aid, while loans suit those needing substantial upfront funding for larger projects.
Our Custom Home Construction and Renovation Services
we offer a comprehensive range of construction and renovation services that make us your one-stop shop for both funding assistance and expert craftsmanship. Many of our services are eligible under various government grants and loans, including energy-efficient upgrades (insulation, windows, heat pumps), home accessibility modifications (ramps, handrails, chair lifts), large-scale home renovations, and everything in between.
Get the Home Construction Grants and Loans You Need
As you can see, numerous government grants and rebates are available to help Ontario homeowners save on renovations and upgrades. Determining which grant you need might not be the easiest thing to do, but thankfully, Triforce Construction is here to help.
Our team can guide you through the options, ensuring you take full advantage of these savings while bringing your renovation vision to life.
Looking for Ontario homeowners government grants? Contact us at (226) 898-2682.