The Conservatives would let first-time buyers take $35,000 from their RRSPs to pay for homes if they’re re-elected.

Under the Home Buyers’ Plan, new buyers can currently take $25,000 from their registered retirement plans, tax free, to purchase their starter homes. Owners must pay the money back within 15 years of the withdrawal.

Read: Should clients use mortgage insurance calculators?

The Conservatives say skyrocketing home prices in cities such as Toronto and Vancouver are making the increase necessary.

If re-elected, a Conservative government would also collect data on how foreign investors are impacting the Canadian housing market.

Also read:

Federal leaders debate whether Canada is in recession

Harper promises to make home-renovation tax credit permanent

Originally published on
See all commentsRecent Comments


Why would you use the word “Improve” in your headline when people like Rob Carrick and others would strongly disagree that such would be an improvement?

Friday, August 14 @ 7:15 am //////

Add a comment

You must be logged in to comment.

Register on