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What you need to know about Canada’s new first home savings account
Saturday, July 8th, 2023
… many first-time buyers start by buying more modest properties initially, and the FHSA could help them get into the housing market earlier. Of course, this will still take time given the $8,000 per year contribution limit. While the impact of the FHSA won’t be instant, and while it’s not a complete solution, it’s a step in the right direction. For many Canadians, owning a home provides security and a sense of belonging.
Tags: economy, housing, jurisdiction, participation
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