Increased Home Buyer's Plan Limits

(August 25, 2015 )

If you are a first time home buyer, coming up with the down payment can be a struggle.  However, earlier this month, the Conservatives pledged to let first-time buyers withdraw as much as $35,000 from their RRSP and pay back the money over 15 years without tax consequences.  With 45 per cent of the 620,000 homes sold in the previous 27 months being purchased by first-time home buyers according to a recent survey, this may be the help more first-time buyers need to get into their first owned home.  Full article can be found here.

blog comments powered by Disqus