Can you use your RRSP to buy a home? (including when and how to do it)

Apr 18, 2019

In this episode of Homebuyer's School, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, and discuss using your RRSP to buy a home, how much can you take out, and when can you do it. We also explore how/when you need to repay your RRSP, if you could use your RRSP to buy a second home and if you could use your RRSP more than once. 

 

Prefer to watch the video or read and take notes? See the transcript:

https://stories.brookfieldresidential.com/homebuyersschool/can-you-use-your-rrsp-to-buy-a-home

 

 We discuss the following items: 

• Using your RRSP to buy a home
• How much can you take from your RRSP?
• Can you use your RRSP to buy a second home?
• How do you repay your RRSP?
• How many times can you use your RRSP for home buying?
• What are the advantages of using your RRSP for a down payment?

 

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