Found 2 blog entries tagged as deposit.

If you’ve been dreaming about buying your first home but can’t seem to come up with enough cash, these first-time buyer programs may be the answer.

Home Buyers’ Plan

The Home Buyer’s Plan (HBP) allows first-time buyers (or anyone who hasn’t purchased a home in the last four years) borrow up to $35,000 from their RRSPs to put towards a down payment. The same applies to partners and spouses (for a total of $70,000), with the same four-year clause.

Details:

  • The qualifying home must be your primary residence
  • When applying for the HBP, you must provide a written agreement to purchase (or build)
  • RRSP funds must be available 90 days before purchase
  • Withdrawals under the HBP are tax-free but must be paid back in full within 15…

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Is it really possible to buy a home in Edmonton AND save money at the same time? With the right information, you bet it is. Here are a few key strategies to help you buy your dream home without breaking the bank.

Work With an Edmonton REALTOR® 

Whether you’re just starting out or you’ve had tons of real estate experience, partnering with a qualified Edmonton REALTOR® WILL save you money (potentially thousands)! Navigating current market conditions, assessing a home’s true value and expert negotiation skills are just a few of the many ways your agent will help you save on your dream home. 

Establish Your Wants Vs. Your NEEDS 

Viewing homes without understanding your wants and needs is a lot like visiting the grocery store with no grocery…

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