Earlier this month, the federal government revealed an investment of $2 billion eight years to support one million home retrofits nationwide.
This includes working with the Canada Mortgage and Housing Corporation and the Canada Infrastructure Bank to help apartment building owners retrofit at least 280,000 units as well as renewing the Deep Retrofit Accelerator Initiative, which aims to provide support to building owners at every stage of a retrofit journey.
“Building a stronger Canada means making life more affordable for Canadians while cutting emissions and building a cleaner, more resilient economy,” says Julie Dabrusin, who serves as Minister of Environment, Climate Change, and Nature.
Canada also recently introduced a new National Heat Pump Rebate to help 800,000 households switch to more efficient electric-based heating and cooling.
“When we help families and homeowners make their homes more energy efficient, they use less energy, save more on their bills, and reduce the emissions that drive climate change,” Dabrusin stated.
“By taking full advantage of Canada’s clean electricity advantage, we can lower costs, cut pollution, and create a stronger economy for Canadians today and for generations to come,” the federal minister remarked.
Buckley Belanger, Secretary of State for Rural Development, visited Saskatoon to highlight the landmark investments.
“In Saskatchewan, we know how quickly heating costs can add up during our long, cold winters,” Belanger commented, “especially for families in our rural and northern communities.”
“That’s why we’re introducing rebates of up to $10,000 for lower-income households and $2,000 for other homeowners to upgrade their homes with new, energy-efficient heat pumps,” the Secretary of State said. “By helping more Canadians lower their energy bills, we’re making it easier for families to keep more of their hard-earned money in their pockets.”