What happens if the property is sold within 2 years of closing?
There is no specific information in the regulatory guidelines about what happens to mortgage insurance rebates or premiums if the property is sold within 2 years of closing.
Key Points
CMHC Eco Plus: 25% premium refund for energy-efficient homes (eligibility subject to CMHC rules).
No regulatory guidance on rebate or premium refund ownership or clawback if property is sold within 2 years.
Technical Research Verification
Our systems synchronized 2 data points and regulatory frameworks to verify this technical brief.
Related Questions
How does the stress test differ for fixed vs. variable in 2026?
Both are stress-tested at the higher of the benchmark (5.25%) or the contract rate + 2%.
Why are 3-year fixed rates dominating the 2026 market?
Borrowers are hesitant to lock in for 5 years at current levels, but find 1-2 year rates too expensive.
Fixed vs. Variable Comparison Table
Fixed locks a 5-year rate with IRD penalty risk; variable floats with prime and typically caps break fees at 3 months interest.
What is the 'IRD' penalty risk for 5-year fixed borrowers?
The Interest Rate Differential (IRD) can cost tens of thousands if you break a fixed mortgage when market rates have dropped.