Saving a down payment for a house can be a daunting task. In this day and age, it can take years to save up enough money to afford a home, depending on various personal and economic factors. However, the Canadian government has created a Home Buyers’ Plan program, which allows first-time homebuyers to withdraw up to $35,000 from their Registered Retirement Savings Plan (RRSP) to increase their down payment. If you’re buying with someone who also qualifies for the program, that... [read more]

At the height of the coronavirus pandemic, many potential homebuyers sat on the sidelines, waiting for a COVID-19 discount. Activity declines dramatically in March and April, but the delayed spring market came roaring back, igniting record-setting growth for both residential sales and prices. From Halifax to Toronto to Vancouver, many of the nation’s real estate markets have reported monthly double-digit percentage gains, suggesting that a lot of Canadians potentially missed out on a... [read more]