More Reading

Canada’s national housing agency, the Canada Mortgage and Housing Corporation (CMHC), was established as a government-owned corporation in 1946 to address the country’s post-war housing shortage. The CMHC offers a wealth of information to home buyers and homeowners. See below for a selection of More Reading that we think you will find especially helpful.

The Canadian government made changes early in 2009 allowing first-time buyers to claim up to $750 in closing costs when buying their first home. They also increased the amount you can withdraw tax-free from your RSP to $25,000 towards your downpayment. These funds will still need to be repaid to the RSP over 15 years or taxes will be charged.

Link to latest information on tax refunds, RSP downpayment program: http://www.cmhc-schl.gc.ca/en/co/buho/buho_008.cfm