Hey it’s me Alex Wickham. Are you looking for a wicked home? We all know that there are costs associated with buying a home. These could be important for you […]
Hello Ottawa house hunters. We’ve been fielding a few calls on the difference between the deposit and down payment lately so here’s a short explanation to help you sort them out. Deposit: This is the good faith consideration […]
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.