Vancouver, BC – March 13, 2009. British Columbia Real Estate Association (BCREA) reports residential sales dollar volume on the Multiple Listing Service® (MLS®) in BC declined 53 per cent to $1.54 billion in February, compared to the same month last year. Residential unit sales fell 47 per cent to 3,653 units during the same period. The average MLS® residential price in the province was $421, ...

Canadian Home Buying Incentives

The Homebuyer’s Plan

In the recent federal budget changes were made so first-time buyers can now withdraw up to $25,000 (formerly $20,000) from an RRSP tax-free for the purpose of buying a home, if qualified.  

There is up to 15 years to repay the amount withdrew from the RRSPs.  The first repayment is due the second year following the year in which the withd ...