Project Headlines # 76 // July 10-July 16, 2022

Project Headlines Digest by Frank Farhangi __ Call or text +1-647-296-5489 for more information. – July 10-July 16, 2022

The City of Toronto is offering zero-interest loans, incentives to accelerate home retrofits and emissions reductions.

For a limited time, through the enhanced HELP program, Toronto homeowners will be able to access:

• Zero-interest loans of up to $125,000 for terms of up to 15 years; 20-year terms are available for retrofits that include rooftop solar PV, geothermal, new windows and electric heat pumps.
• Incentives for specific measures including electric heat pumps, which can replace a home’s natural gas furnace and air conditioner; rooftop solar PV and deep retrofits that significantly reduce a home’s emissions.

The Government of Canada provided funding to enhance the program through the Green Municipal Fund, administered by the Federation of Canadian Municipalities (FCM), including a loan of up to $9.712 million to fund the zero-interest loans and a grant of up to $4.856 million.

The new zero-interest loans and incentives will be available until the funding allocated for each is fully subscribed, after which homeowners can continue to access low-interest loans. Home improvements eligible for financing include:

• electric heat pumps
• insulation (attic, wall, basement)
• upgraded windows/doors
• air sealing
• geothermal systems
• rooftop solar PV
• tankless water heaters
• solar hot water systems
• EV charging stations (Level 2)
• battery storage and more.
• Eligibility has been expanded to include tax-exempt properties (e.g., non-profit homes, supportive housing, rooming houses) in addition to the currently eligible detached, semi-detached, row/townhouses, and duplex and triplex apartment buildings.

In addition to the loans and incentives available through HELP, homeowners may also be eligible for the federal government’s Canada Greener Homes Grant of up to $5,000.

Learn more about the program here.

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Below you may find the list of the projects featured in this week’s digest.

My 3 favorite new development marketing emails this week were:

1. South Forest Hill Residences – Luxury Is A Standard At South Forest Hill Residences!
2. Forma – Introducing the Forma Health & Wellness Retreat
3. Bridge House at Brightwater – Brightwater | Enjoy the Taste of Port Credit

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Project Digest List

Get information on these and other new properties in the project digest document. You may subscribe at the top of this page to receive the headlines, news, and promos for new development projects to your inbox every weekend. I suggest you view the document at 200% zoom on your computer or tablet for improved readability because there is so much information in the digest.

Let’s go get it!

Frank

1-647-296-5489