Green your home, get reduced rates

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Published: February 16, 2009 12:29 a.m.

Last modified: February 16, 2009 12:39 a.m.

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Did you know some Canadian banks will reduce your interest rate on a mortgage by as much as one per cent if you invest in certified Energy Star appliances, windows, or heating and cooling equipment in your house? That can add up to $2,000 in your pocket.

Meanwhile, the Canadian Mortgage and Housing Corporation gives qualified homeowners a 10 per cent green refund on mortgage loan insurance premiums if you buy or build an energy-efficient home, or make energy-saving renovations to existing homes.

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