Many first time buyers question whether the ‘FHSA’ is advantageous for them
so I have taken this opportunity to highlight certain points that will help clarify
the benefits.
contribute individually up to $8,000 a year, for a total limit of $40,000.
upon withdrawing for the purchase of a first home.
can use the funds towards the purchase of any type of residence, condo,
duplexes, new house, existing house etc.
jointly or individually a house in the last 5 years.
as you use them to purchase a home. If you decide not to purchase, you can
transfer the funds to your RRSP, regardless of your contribution room.
The way I look at it, it is a great way to save for a home for qualifying
purchasers, plus you can still use your RRSP, if you need more cash for the
purchase.
Lucyne FARAND courtier immobilier 514 952-6316 / Email: lfarand@royallepage.ca
In the Laurentians, as in many other regions, renovations before selling a property can play a key role in its appeal and sale price. Here are the renovations generally considered the most profitable, as well as those that tend to be less beneficial. 3 Most Profitable Renovations 1. Kitchen Renovation The kitchen is often the
Renewing your mortgage this year? Royal LePage has published a number of online resources available at the following links: OSFI to drop mortgage stress test for uninsured borrowers who switch lenders at renewal Federal government announces landmark adjustments to mortgage rules for first-time buyers in Canada 30-year amortizations on insured mortgages for new build homes
There are lots of reasons for selling a second home. You may be looking for a change, going through a separation, or noticing the property value has gone up. In some regions, the price of cottages and condos has doubled , which is advantageous for sellers. Since the pandemic, the secondary residence sector has been quiet due
