Embarking on the real estate journey involves mastering terms like “deposit” and “downpayment.” Discover the difference between these key concepts for informed home buying decisions in North Vancouver.
Continue reading →Downpayment
Difference Between Deposit and Downpayment
If you’re new to the home buying process, it’s easy to get confused by some of the terms used. The purpose of this article is to clear up any confusion between the deposit and downpayment.
Continue reading →USING YOUR RRSP FOR A DOWNPAYMENT THROUGH THE HBP
As the March 1st, 2021 RRSP deadline approaches for the 2020 tax season, if you have money saved for a downpayment but you’re not quite ready to buy a home, here’s a little strategy that might interest you. Did you know that you can use the money saved in an RRSP as a downpayment? It’s called the Home Buyers’ Plan, or HBP for short.
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