/biz/ - Business & Finance

>>5952676
>>>5952385 (You)
>yeah but you already have a RRSP account, you can simply invest in stocks directly instead of taking it out under the HBP and then investing it in stocks. it's not a loan from the bank, HBP simply means you can take 25k out of your RRSP tax free to put into a house.

My bad I think we are talking about different programs.

https://bc.ctvnews.ca/b-c-offers-5-year-interest-free-down-payment-loans-to-first-time-buyers-1.3205016

>toronto is a different market, developers are taking a wait and see approach because its prices are dropping. in other areas like vancouver, we can't build enough. why apply regulation and treat both markets equally when they are obviously diverging?

Fair enough, I guess I just look upon the regulation favorably because I sold a couple properties in November 2017 betting in a price decline.