The Macchiusi Sales Team Weiss Realty Ltd. Real Estate Brokerage 647-800-5201 The Rose Macchiusi Sales Team
The Macchiusi Sales Team, Weiss Realty Ltd Brokerage (2021)
DID YOU KNOW? Qualified buyers may borrow INTEREST FREE for 15 years from your RRSP savings. You are allowed to borrow up to $25,000 per buyer ($50,000 per couple) towards the cash down payment on the purchase of a residence.
Banks often discourage clients from going this route when purchasing a residence, because banks want buyers to borrow and pay INTEREST, rather than borrowing interest- free against their RRSP, which does not benefit the bank in any way.
The VERY best investment for one’s RRSP is the purchase of a principal residence which, in time, will generate a TAX FREE capital gain!
TO QUALIFY FOR THE RRSP HOME BUYER PLAN:
1. FIRST TIME HOME BUYER
The Macchiusi Sales Team - Weiss Realty Ltd. Real Estate Brokerage (2021)