First Home Savings Account (FHSA)
Posted on Dec 04, 2024
You are saving for a home, regularly contributing to a separate account. Then you have until December 31st to start contributing to a First Home Savings Plan of which you get:
- Contributions are tax deductible
- Income within the plan grows tax free
- Withdrawals for the purchase of the home are tax free
- If you don’t use the funds for the purchase of a home...
Today's Real Estate Questions
Posted on Apr 07, 2020
Questions we have answered over the last 48 hours, thought they may be of interest to others as well.
Q: Are closings still happening?
Yes, absolutely. Most service providers, from lenders to lawyers, to real estate agents are adapting and following the recommendations of health authorities. The process looks similar with proper prodigals put in pla...
Covid-19
Posted on Apr 01, 2020
The risk around Covid-19 is constantly evolving and through it all our primary focus will be the health and well being of our clients, staff and community. We understand that clients and partners will require a certain level of our business to remain active and we will continue to operate while we adhere to the regulations put forward by health org...
New Housing Policy First Blush
Posted on Mar 20, 2019
From RBC
Housing measuresThe Government continues to monitor the effects of its mortgage finance policies, including the stress test for insured mortgages, but has not adjusted them in this budget. Instead, the budget introduces a plan to support housing affordability through a number of measures to boost supply in Canada’s housing and rental market...
Housing measuresThe Government continues to monitor the effects of its mortgage finance policies, including the stress test for insured mortgages, but has not adjusted them in this budget. Instead, the budget introduces a plan to support housing affordability through a number of measures to boost supply in Canada’s housing and rental market...
The Federal Government wants you to buy a House?
Posted on Mar 18, 2019
There is every indication that the Federal Budget tomorrow will include a policy making it easier for millennials to buy their first home, this is not exactly going out on a limb in the prognostic world. In January Finance Minister Bill Morneau commented that the federal government is looking for ways to improve affordability in the housing market...