Please read all the way to the bottom for a special announcement!
For all the first-time buyers out there, saving for a down payment just got a whole lot easier. The Home Buyers’ Plan (HBP) limit is now $60K (up from $35K), and there’s a new First Home Savings Account (FHSA) that lets you save tax‑free.
Here’s the lowdown:
• HBP now gives you more wiggle room for your down payment
• FHSA lets you contribute up to $8K a year (with a $40K lifetime limit), and any unused room can roll forward
Put these together and you could build over $100K toward your first home. That’s a huge leg up on your journey to homeownership!
I know saving for a home can sometimes feel like solving a puzzle. If you want to break it down for your personal situation, call me at 416‑467‑8627.
And if you know someone dreaming of their first home, please share this email!
SAVE THE DATE!
Join us for an exclusive session for homeowners ready to buy and sell! Whether you're a move-up buyer or downsizer, this event is for you.
When: Thursday, March 27th | 6:30 - 7:30 PM
Where: Etobicoke (Location TBA)
What: Meet with a mortgage expert, enjoy free giveaways, and a chance to win a special prize!
Stay tuned for more details!