How much should you save to buy a home

The first thing you need to know is the Government of Canada has a Home Buyers Plan (HBP) for the first time home buyers, which allows you to withdraw up to $25,000 from your RRSP’s to buy your first home. So “Save” your first $25,000 by making RRSP contributions up to your max. As always there are some limitations so read up on the plan or discuss it with your mortgage broker.

Read Article →