The municipal Major Residential Renovation program, whose goal is the complete renovation of a residential building, provides financial assistance to owners for the renovation of all components of their building in need of repair or, in certain cases, for the demolition and reconstruction of their building. The program’s objectives are to renovate all building components in need of repair (mandatory), to improve the quality of the units and to revitalize the most deteriorated areas of the city.
To be eligible, the work must include the substantial renovation of one of the following components of the building: structure, foundation, electrical system, plumbing, cladding or doors and windows. Work in one of these key areas is required to make the building eligible for financial assistance. However, work to correct any non-compliance with applicable by-laws and to rehabilitate the various components of the building is mandatory.
For the most rundown buildings that must be demolished, the demolition work and reconstruction of a new residential building are eligible for financial assistance up to a floor area equivalent to twice the floor area of the demolished building. For more information and for the complete list of eligible work, please check the Major Residential Renovation Program on City of Montreal’s Website.
To be eligible, the work must be performed under the complete responsibility of a general contractor duly licensed by the Régie du bâtiment du Québec. The work must begin within three months of the city’s approval and be completed within 12 months. Restaure-Action, your masonry general contractor in Montreal, has the knowledge, qualifications and expertise to take on your renovations.
What you need to know…
- For renovation projects, the maximum amount of financial assistance is $500,000 per building. For demolition-reconstruction projects, the maximum amount granted may be higher.
- The cost of the work to renovate the building and to upgrade it in compliance with applicable codes and by-laws must total at least $15,000 on average per unit.
- The building was constructed or converted into a residential building at least 20 years ago.
- The building is rundown, i.e. it includes at least one important component requiring substantial renovation.
- The cost of the work required on the building exceeds the amounts fixed by the program.
- The average property value per unit (land and building) does not exceed the amounts fixed by theMajor Residential Renovation Program (see chart “Building Eligibility”).
- Families with at least one child under 18 who are resident landlords of a building with one, two or three above-ground dwellings are eligible for financial assistance regardless of the value of their property, if it is located in specific sectors designated by the program.
- Under an agreement between Hydro-Québec and City of Montreal, additional financial aid to owners of residential buildings situated in designated sectors could be available if the work includes measures to increase the building’s energy efficiency.
Please note that owners of residential buildings planning to renovate only specific components of their building should check if they are eligible for financial assistance under Renovation à la carte program.
Contact the Restaure-Action team now, for any questions, or to get a quote on your renovations!
Source : Major Residential Renovation Program, City of Montreal