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FHSA lets first-time buyers save tax-free for a home, up to $8,000 in the first year.
Contributions are generally deductible, but RRSP transfers to FHSA are not deductible.
First-time buyer status differs for opening vs. withdrawing from FHSA.
To qualify, you and your spouse must not have lived in a qualifying home you owned in the past four years.
Withdrawal rules exclude the 30 days before withdrawal from the four-year residency check.

The “eleventh hour of the eleventh day of the eleventh month" of 1918 that signaled the end of World War I.
On this day we honour those who have sacrificed so much to keep our flag flying high.
Remembrance Day
Salute to all heroes, and thank you for your service.

Slide 1:
You don’t actually own the unit — you own shares in a co-op corporation instead.

Slide 2:
Because there’s no property title, lenders can’t register a normal mortgage — financing works differently.

Slide 3
Credit unions are usually your best bet, using share pledges and security agreements under PPSA rules.

Slide 4:
Expect bigger down payments — usually 20% to 35% — and limited lender options compared to condos.

Slide 5:
Co-op boards must approve buyers, so delays happen — plan extra time, legal review, and patience.

Start with a clear budget including mortgage, taxes, insurance, utilities, maintenance, and closing costs.
Get pre-approved for a mortgage to know your borrowing limit and show sellers you're serious.
Prioritize essential needs like location, bedrooms, and affordability over luxury features during home search.
Work with experienced real estate agents and mortgage professionals to navigate market trends and negotiations.
Plan for unexpected costs such as inspections, appraisals, and moving expenses to avoid financial surprises.

Mortgage pre-approval estimates how much you can borrow but doesn’t guarantee final approval.
Pre-approval usually takes 1–3 business days, depending on documents and financial complexity.
Final mortgage approval takes 1–2 weeks and includes document verification and a property appraisal.
Pre-approval is valid for 90–120 days, after which renewal may be needed.
Pre-approval can slightly lower your credit score, but multiple applications in a short time count as one inquiry.

Ask about mortgage pre-approval to set a clear financial goal and avoid credit report damage.
Discuss fixed vs. variable rates to decide which best matches your risk comfort and the market.
Clarify the extra costs such as appraisal, legal, notary, and administrative fees.
Clarify if your mortgage is collateral or conventional, as this affects terms and future borrowing.
Check what happens if you break your mortgage early so you know the potential penalties.