City of Toronto offer RENOVATION grants

[Navtaj Chandhoke]

City of Toronto offer RENOVATION grants

There are numerous renovation grants available to homeowners and Canadian professional real estate investors in the GTA. Ranging from a few hundred dollars to several thousand, programs are offered by different levels of government and partner organizations.

The City offers a variety of grants, incentives and tips to help you reduce your energy use and make your home more resilient to extreme weather. When we reduce our energy use, we conserve resources, save money and help the environment at the same time.

Whether you want to improve the energy efficiency of your home, get a grant to green your community, or find simple ways to green your life, we’ll help you get started.

Homeowners in the city of Toronto have a number of programs available and one such incentive is the Basement Flooding Protection Subsidy Program. The city offers owners of single-family, duplex and triplex residential homes a financial subsidy of up to $3,400 per property to install flood protection devices.

Another home renovation savings initiative offered by the city is the Home Energy Loan Program (HELP)Toronto Hydro HELP provides incentives of up to $650 for replacing furnaces and air conditioners with high efficiency units.

Eligible green roof projects can receive $75 per square metre and up to a maximum of $100,000. Eligible cool roof projects get between $2 and $5 per square metre, up to a maximum of $50,000.

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DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

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