Mortgage
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 […]
What is mortgage insurance and how does it work? If you don’t know, it could cost you a lot more money in the long run. Here’s what to know before you buy, and why you need to shop around.
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). […]