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