Tag Archives: Program

City of Toronto Basement Flooding Protection Subsidy Program

City of Toronto Basement Flooding Protection Subsidy Program

Help protect yourself against basement flooding

Basements can flood for many reasons.

While the City of Toronto is working to make improvements to its complex system of underground pipes, sewers and catchbasins, these improvements alone cannot completely protect a home from basement flooding.

With increasingly frequent severe weather events, it is essential that homeowners take appropriate action to reduce the risk of basement flooding on their own private property.

To assist, the City offers owners of single-family, duplex and triplex residential homes a financial subsidy of up to $3,400 per property to install flood protection devices including a backwater valve, a sump pump, and pipe severance and capping of the home’s storm sewer or external weeping tile connection.

Work that is eligible

A: Backwater valve

Eligible work:

Installation of backwater valve
Replacement of existing backwater valve
Installation of alarm for backwater valve

Available subsidy = 80% of the invoiced cost up to a maximum of $1,250 regardless of the number of devices installed at the property, including eligible labour, materials, permit and taxes.

B: Sump pump

Eligible work:

Installation of sump pump
Replacement of existing sump pump
Installation of alarm for sump pump
Installation of back-up power for sump pump

Available subsidy = 80% of the invoiced cost up to a maximum of $1,750 regardless of the number of devices installed at the property, including eligible labour, materials, permit and taxes.

Note: Be sure to maintain basement flooding protection devices according to manufacturer instructions. Keeping these devices in good working order is an important step in protecting your home against basement flooding.

C: Foundation drain (weeping tile) pipe severance and capping

Eligible work:

Disconnection of foundation drains (weeping tiles) from the City’s sewer system by severing and capping the underground sewer connection

Available subsidy = 80% of the invoiced cost up to a maximum of $400 including eligible labour, materials and taxes.

Note: Disconnecting the downspouts from your property’s eavestrough system is not eligible for a subsidy under this program.

How to apply for a subsidy
http://www1.toronto.ca/wps/portal/contentonly?vgnextoid=30ee7c6a9967f310VgnVCM10000071d60f89RCRD&vgnextchannel=f041ffa6ee33f310VgnVCM10000071d60f89RCRD

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

 

 

 

 

 

 

 

Flipping for instant profit LIVE real estate training seminar
Reserve your seat now at
www.Flipping4Profit.ca

Saskatoon Equity Building Program

Saskatoon Equity Building Program

Saskatoon Equity Building Program assists those currently renting in Saskatoon with purchasing an entry- level home by financing the down payment.

Key Partners
Affinity Credit Union (exclusive financial institution), City of Saskatoon, Genworth Financial Canada, CMHC.

Continue reading Saskatoon Equity Building Program

Manitoba Home buyer Down Payment Assistance Program (HDPA)

Manitoba Home buyer Down Payment Assistance Program (HDPA)


Manitoba Homebuyer Down Payment Assistance Program (HDPA) provides financial assistance towards the purchase of qualifying new or recently renovated properties in targeted areas of Winnipeg. Manitoba Housing assists in providing affordable housing for low-income Manitobans through a variety of programs. Funding for the Manitoba Home buyer Down Payment Assistance Program falls under the HOMEWorks! initiative which focuses on inner-city revitalization including housing for refugees and immigrants, older Manitobans, urban Aboriginals, northern Manitobans and those who are homeless.

Continue reading Manitoba Home buyer Down Payment Assistance Program (HDPA)

Newfoundland Labrador Down payment Assistance Program

Newfoundland Labrador Down payment Assistance Program

NOTE: The 2015-16 Down payment Assistance Program (DAP) is now closed. Applications postmarked after December 9, 2015, will not be accepted, as funding has been fully committed.

Who is eligible?

Applicants for the Newfoundland Labrador Down payment Assistance Program must be first-time home buyers from any region of the province who meet the DAP requirements and all other criteria for approval from a financial institution.

Continue reading Newfoundland Labrador Down payment Assistance Program