Harman Arora Group

As a first-time home buyer, you may be able to take advantage of two government programs designed to help you build a larger down payment while benefiting from valuable tax advantages.

The RRSP Home Buyers’ Plan (HBP) allows eligible individuals to withdraw up to $60,000 from their RRSP toward a qualifying home purchase, subject to repayment requirements. The First Home Savings Account (FHSA) offers tax-deductible contributions of up to $8,000 annually, up to a $40,000 lifetime limit, along with tax-free growth and qualifying tax-free withdrawals for a first home purchase.

For eligible buyers, these programs may be used together to increase the funds available for your down payment.

Not sure how these programs fit into your home buying plans? Reach out and I’d be happy to help you explore your options.

One application. All the options. Banks typically show homeowners just one product, while an independent broker shops the full market to present a complete range of choices tailored to their needs. This approach often leads to more flexible terms and solutions that truly fit long-term financial goals instead of settling for whatever a single lender offers.

See the difference for yourself. Message me today to compare your options.

I’m excited about the Bank of Canada’s latest rate hold, which is creating a welcome window of stability in the mortgage market.

Homeowners now have the breathing room to step back, review their options carefully, and make thoughtful decisions instead of reacting to sudden shifts or headlines. This kind of predictability is exactly when smarter, long-term strategies come together.

Message me today to explore how this stability can work in your favour.

The Bank of Canada has confirmed a rate hold.

I’m pleased to share that the policy rate remains unchanged at 2.25%. This marks another hold in the current cycle, delivering continued stability for Canadian mortgage borrowers amid mixed economic signals and global uncertainties.

A stable rate environment gives us room for thoughtful planning around renewals, pre-approvals, and long-term mortgage strategies - instead of reactive decisions.

If you’d like to see how today’s announcement affects your specific situation, reach out to me for a no-obligation review and confident next steps.