Buy a Home

For many Canadians, a primary residence is the single largest asset they will ever own. Beyond providing shelter, homeownership builds equity over time as you pay down your mortgage and as property values tend to appreciate over the long term. The principal residence exemption also makes the gain on your home tax-free.

Canada offers several programs to help first-time buyers, including the First Home Savings Account (FHSA), the Home Buyers’ Plan (HBP) for RRSP withdrawals, and the First-Time Home Buyers’ Tax Credit. Understanding these tools can significantly reduce the financial barrier to entering the housing market.