The Home Buyers’ Plan (HBP) is a national program that allows you to withdraw up to $35,000 from your Registered Retirement Savings Plan (RRSP) to help buy or build a qualifying home. If you’re purchasing the property with a partner who is also a first-time homebuyer, they can withdraw an additional

1. Consistent Monthly Payments With a fixed-rate mortgage, your monthly payments remain the same throughout the loan term, regardless of market interest rate fluctuations. This consistency makes budgeting easier since you’ll always know what your mortgage payment will be. 2. Protection Against Risin

The timing can significantly impact your ability to make strong offers on homes and ensure a smooth purchase. Here’s how to determine the right time to get pre-approved: Ready to Buy: Pre-approval typically lasts for 60 to 120 days, depending on the lender, so it’s best to time it close to when you