Flip Kitchen AIInterest rate
The Bank of Canada announces its rate decision at 9:45 a.m. today
The policy rate is currently 2.25%. Variable-rate mortgages and HELOCs usually follow it, so it matters if you plan to borrow for a renovation.
Flip Kitchen Community
The GTA Home Daily
010Issue
A short daily for homeowners in the Greater Toronto Area and Ontario: one renovation question answered, new rebates and benefits with their deadlines, product recalls and weather alerts that matter at home.
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Question of the Day
My countertop rocks or flexes in one spot.
That means the cabinets under it are not in one plane — usually one box that never came up to the reference line, or a run that was pulled into a hollow in the wall. If the top is not yet fixed down, correct the cabinet with its feet or a shim and re-check with a long straightedge across the whole run. Never pack a rocking top with silicone alone; fix what is under it.
From the Flip Kitchen renovation guide
Full answer in the guide02
Local Notices
03
Rebates & Benefits
Toronto
Toronto: up to $6,650 for basement flood protection
DeadlineNo end date posted
The City of Toronto subsidizes owners of single-family homes, duplexes, triplexes and fourplexes for flood-protection work such as a plumbing assessment, backwater valves and a sump pump: up to $6,650 per property for eligible work completed on or after November 12, 2025. First come, first served; apply within two years of installation, and confirm before work starts that your contractor holds a valid City of Toronto business licence.
Official pageCity of Toronto · Checked 2026-10-20
Toronto
Toronto: home energy loans up to $125,000
DeadlineNo end date posted
Toronto’s Home Energy Loan Program (HELP) lends homeowners up to $125,000, capped at 10% of the property’s assessed value, for heat pumps, windows and doors, insulation and air sealing. The rate is fixed, repayment goes on your property tax bill, and you can pay it off at any time. Applications are open.
Official pageCity of Toronto — Home Energy Loan Program (HELP) · Checked 2026-10-20
Richmond Hill
Richmond Hill: up to $1,500 toward a backwater valve
DeadlineNo end date posted
Richmond Hill residents can apply for up to $1,500 toward a backwater valve installed by a licensed plumber or drain contractor. Subject to funding, first come first served; apply within six months of completing the work.
Official pageCity of Richmond Hill · Checked 2026-10-20
Amounts and conditions are as stated on the official site. Price information comes from the web; please verify it yourself.