Down Payment

What Is The Home Buyer’s Plan (HBP)? Essentially, it’s a loan you can borrow from yourself in order to buy a house and make it a home. But how can you do that if you don’t have any money? With the HBP you can use the funds you’ve accumulated in your Registered Retirement Savings Plan […]

As house prices continue to rise, many Canadians find it more challenging to save for a mortgage down payment. In the 2022 federal budget, the Canadian government has proposed initiatives to make homeownership more affordable. One way the government aims to tackle the housing crisis is through the First Home Savings Account (FHSA). The FHSA […]

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 the property ladder. Of course, you need to have an RRSP account; it all sounds […]

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 tenants alike. It is great for landlords who want an exit strategy from the rental […]

72.07% of Canadians think that the tax-free First Home Savings Account (FHSA) will have no real positive impact on their ability to buy a first house. The FHSA is a tax free savings account that blends the tax efficiency of a registered retirement savings plan (RRSP) with the flexibility of a Tax-Free Savings Account (TFSA). […]