Housing Market Information Portal
Impact of the Home Buyers' Plan on Housing Demand
In the six years since the introduction of the very popular HBP in 1992, over 770,000 individuals have withdrawn almost $7.5 billion from their RRSPs to finance the purchase of their first home. The study shows that even when the individual has to borrow to make the repayments to the RRSP, there is still a net financial gain. Housing demand and household saving also increases.
L'impact du régime d'accession à la propriété sur la demande de logement
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Canada Mortgage and Housing Corporation | Suite 1000, 700 Montreal Rd. | Ottawa, ON | K1A 0P7 | 1-800-668-2642 | Fax: 1-800-245-9274