Overview
- The federal government announced a $2‑billion program to speed heat‑pump adoption for homeowners and apartment owners, with Prime Minister Mark Carney unveiling the plan in Sherbrooke, Quebec.
- Homeowner rebates will be available when a heating system breaks down or as it nears end of life so families can replace old systems quickly with heat pumps.
- Officials said the funding could support rebates for up to 820,000 homeowners and CMHC‑backed low‑interest financing to retrofit more than 280,000 apartment homes over eight years.
- The government estimates households that switch could save about $1,400 a year on heating bills and says an online application process and further program rules will be released as officials finalize rollout details.
- The program targets the main barriers to heat‑pump uptake by cutting upfront costs and offering financing for multi‑unit buildings, and it can be stacked with provincial rebates where available.