Nature of risk
Ending the Greener Homes Loan undermines federal commitments to cut emissions and help Canadians lower energy costs. The sudden closure disrupts retrofits already planned, weakens confidence in climate programs, and creates a boom-bust cycle that drives skilled tradespeople out of the sector, disrupts small businesses, and erodes public trust.
Policy summary
What changed
The Canada Greener Homes Loan, which offered homeowners up to $40,000 in interest-free financing for energy-efficiency retrofits, will be abruptly closed to new applicants on October 1, 2025, citing limited remaining funds and a government decision not to extend or replenish the program budget.
Primary source