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Incentives for the First-Time BuyerThere are many incentives to help out the first-time buyer. There are now CMHC approved loans that allow you to finance your purchase with only five-percent down. Another option is the Home Buyers Plan. (HBP) In short, it allows the first-time buyer to withdraw from their RRSP funds up to $20,000 help with their down payment. It is to be paid back over a fifteen-year period. |
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