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Mortgage Insurance Refund Program

Get a 25% refund (up to $14,250) on your mortgage insurance premium if you bought a home in the last 2 years with less than 20% down.

 

Act fast – this won’t last forever!

Are You Leaving Money on the Table?

Get Your Refund - Hassle Free with Greenbrain!

We help homeowners claim government rebates, boost energy efficiency, and cut their environmental impact - effortlessly.

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Our team will:

  • Verify your eligibility

  • Provide a FREE energy audit (if you qualify)

  • Guide you through the entire process

  • Help you get your refund fast - typically within 30 days!

Do You Qualify?

To be eligible, the energy audit we conduct on your home must meet at least one of the following criteria:

1

2

3

Energy

Rating

At least 20%

lower than a

typical new house

Greenhouse Gas Emissions

In the top 15%

for lowest emissions

Energy Efficiency Certification

Certified at purchase
(e.g., ENERGY STAR,

R-2000, etc.)

Not sure if you qualify?  No worries!  We'll conduct a FREE energy audit to find out for you.

FREQUENTLY ASKED QUESTIONS

1) What is mortgage insurance?

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The Government of Canada, through the office of the Superintendent of Financial Institutions (OSFI) requires mortgages with a down payment of less than 20% to carry mortgage default insurance.

 

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2) Which companies in Canada provide mortgage default insurance?

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Within Canada, there are only 3 companies with a license to provide mortgage default insurance.  This includes:  Canada Guaranty, CMHC (a Canadian Crown Corporation), and Sagen (formerly Genworth Canada)

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3) How does mortgage insurance work?

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If you buy a home under $1,000,000 (or under $1,500,000 after December 15, 2024), and have a down payment of less than 20%, mortgage insurance is required.  

 

The mortgage insurance premium you pay is directly related to your loan-to-value ratio and ranges from 0.6% – 4% of the total loan amount. Your mortgage insurance premium may also be added directly to your mortgage and amortized over its length.

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4) How much of a refund can I get?

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Eligible customers can receive a 25% refund on their mortgage insurance premium.  Assuming a house purchase price of $1,500,000, with a 95% loan-to-value ratio which is equivalent to a 5% down payment, the total mortgage amount would be $1,425,000.

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The total mortgage insurance premium would be $57,000 (or 4% of the mortgage amount).  AND, a 25% refund on that premium would equate to a $14,250 refund cheque paid directly to the mortgage holder.  

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5) How do I get started?

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Call our Greenbrain team today at 1-866-848-4998 to speak with one of our representatives to learn more and schedule your energy audit.  

PHONE: 1-866-848-4998

EMAIL: ENERGYREBATES@GREENBRAININC.COM

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​READ OUR PRIVACY POLICY HERE

This website provides general information only and is not an official government source. While we aim for accuracy, we do not guarantee all details are current or error-free. 

Please refer to the official government website for the most up-to-date information.

© 2025 Greenbrain Inc.

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