Month: September 2020

How to use your RRSP for a down payment

Saving up a down payment for a home using your RRSP is a great way to speed up the process of becoming homeowners. The Home Buyers Plan (HBP) allows each first-time home buyer to withdraw up to $25,000 from their RRSPs to purchase or build a home, without having to pay tax on that withdrawal…. Read more »

August Market Statistics

Sales were up on a year-over-year basis for all major home types. It should be noted that detached and semi-detached houses and townhouses, were the drivers of sales growth. Condominium apartment sales were up on an annual basis for the second straight month but to a lesser degree. Home sales continued with a record result… Read more »

Could an investment property be your pension?

The recent shock to the economy has had many Canadians thinking seriously about what their life might look like after their paycheques stop. Even if you have a workplace pension plan to look forward to, you may find it falls short of the income you’d like to live on. Is it possible to take your… Read more »