Down Payment
If you want to know what is the minimum down payment or cash down to get a mortgage, in which registered account you should save for your down payment and much more, you’ve come to the right place.
How to Buy Half Your Partner's House
A few years ago, your partner proudly bought her own house to live in with her son. Since then you two have met and she's asked you to move in with her. Since cohabitation is going well at her place,…
Bridge Mortgage: Buy a New Home Without Having Sold the Old One
You've found the home of your dreams. The only problem is you haven't closed the sale on your existing property. And, you need the equity in your home to buy the new place. You can't get the money until you…
FHSA: From Account Opening to Home Purchase
As house prices stay quite high, many Canadians find it more challenging to save for a mortgage down payment. The Canadian government came up with initiatives to make homeownership more affordable. One way the government decided to tackle the housing…
Using Your RRSP To Buy A House: Everything You Need To Know About The Home Buyers Plan
With the Home Buyers Plan (HBP), you can use the funds you’ve accumulated in your Registered Retirement Savings Plan (RRSP) tax-free to purchase your first house. Sounds too good to be true, right? Well, almost. There are conditions and rules…
How to Use the RRSP Home Buyer's Plan
What is the Home Buyer's Plan? In Canada, you can use some of your Registered Retirement Savings Plan (RRSP) to purchase a home. It's called the Home Buyer's Plan and it can help you get on the first rung of…
Rent-to-Own Houses in Canada: how does it work?
The Canadian government put aside 2 billion dollars to help Canadians buy their first home. First it was the First Home Savings Account (FHSA), now they've added a rent-to-own housing program Rent-to-own can be a great arrangement for landlords and…
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