Home Buyers Plan Canada

Home Buyers Plan for First Time Home Buyers using your RRSP's for Down payment

Home Buyers Plan for First Time Home Buyers using your RRSP

 

 

Home Buyers Plan Canada

 

So I think everyone knows that it is currently a buyers market.  Historically low Alberta Mortgage rates have kept Canadians buying.  The Stephen Harper has also approved an increase in the RRSP able to be used in the new 2009 stimulus plan.  The old Home Buyers Plan only allows you to use $20,000 of your RRSP’s for a down payment and now they have allowed Canadians to use up to $25,000 tax free! 

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August 12, 2009 | Filed Under First Time Home Buyer, General Mortgage Info | Leave a Comment 

First Time Home Buyer Tax Credit

First Time Home Buyer - Tax Credit

First Time Home Buyer Tax Credit

The First Time Home buyer tax credit is just one of the many tax credits now being offered to help the Canadian economy. With house prices so low, rates low, and so many tax credits if you have any desire to own a home NOW is a great time to find out what you need to do to get the tax benefit. Let me go through a few updates on the first time home buyer tax credit program.

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August 7, 2009 | Filed Under First Time Home Buyer | Leave a Comment 

USE YOUR RRSP’S TO BUY NOW!

RRSP

How to use your RRSP’S to BUY NOW!

Calgary

is definitely a buyers market as we all know and have heard many times. So why aren’t people buying? We have all been complaining on how we didn’t buy more properties a couple years ago when the prices were so great. Well now that time has come again but yet there aren’t many are buying. I know that a lot has to do with fear of what is happening in the States and most believe prices will drop much more, but for many I believe the problem starts with not having the down payment. If you are a first time home buyer now is a great time to get into your first home. One way of doing that is using your registered retirement savings plan (RRSP) before they are worth even less. You can use up to $20,000 if you qualify as a first time home buyer. That is at least a 5% down payment on a great property here in

Calgary. Interest rates are low right now which could make your monthly costs cheaper to be in your own home then renting somewhere else. Not to mention with so many properties on the market you can negotiate better terms and lower prices. Read more

September 15, 2008 | Filed Under First Time Home Buyer, General Mortgage Info, Other posts, Real-Estate Investing | Leave a Comment 

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