The Home Buyers’ Plan (HBP) is a program under which you can, generally, withdraw up to $25,000 from your registered retirement savings plan (RRSPs) to buy or build a qualifying home.
Yukon Down Payment Assistance Program
Yukon Down Payment Assistance Program:
Beginning in 2005, the cost of homes in the Yukon began increasing sharply and, over the last 6 years, have nearly doubled in price. This has directly increased the required minimum down payment which has made saving a down payment more difficult for many potential homebuyers.
RBC Energy Saving Mortgages
Financial institutions offer a range of mortgages to home buyers and owners who make their homes more energy efficient.
For example, home owners who have a home energy audit within 90 days of receiving an RBC Energy Saver Mortgage, may qualify for a rebate of $300 to their RBC account.
This federal non-refundable income tax credit is for qualifying buyers of detached, attached, apartment condominiums, mobile homes or shares in a cooperative housing corporation. The calculation: multiply the lowest personal income tax rate for the year (15% in 2011) x $5,000. For the 2011 tax year, the maximum credit is $750.
Saskatoon Equity Building Program
Saskatoon Equity Building Program assists those currently renting in Saskatoon with purchasing an entry- level home by financing the down payment.
Affinity Credit Union (exclusive financial institution), City of Saskatoon, Genworth Financial Canada, CMHC.