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It's possible to be a first-time home buyer twice--here's how.
- Source :
- MoneySense; 5/28/2024, p1-1, 1p
- Publication Year :
- 2024
-
Abstract
- This article from MoneySense discusses the possibility of being a first-time home buyer more than once in Canada. The article explains that different government programs have their own criteria for defining a first-time home buyer, and individuals must meet these criteria to qualify. The Home Buyers' Plan (HBP) allows first-time buyers to withdraw funds from their registered retirement savings plan (RRSP) for the purpose of buying a home, and the first home savings account (FHSA) helps Canadians save for a down payment. The article also mentions land transfer tax rebates available to first-time buyers. The author advises individuals to explore these programs and consult with professionals to determine if they are eligible and if participating in a first-time home buyer program is the right decision for them. [Extracted from the article]
- Subjects :
- MORTGAGE loans
REAL estate sales
MORTGAGE rates
SECOND homes
INCOME
Subjects
Details
- Language :
- English
- ISSN :
- 14881349
- Database :
- Complementary Index
- Journal :
- MoneySense
- Publication Type :
- Periodical
- Accession number :
- 177525492