Tax-Free First Home Savings Account

Buying your first home as a first-time buyer in the Metro Vancouver or Fraser Valley housing market can seem daunting. The relatively high housing prices in our region make it necessary for potential homebuyers to be disciplined and aggressive in their savings habits. Starting to save early and consistently is essential to get a foothold in the real estate market here.

The Tax-Free First Home Savings Account is a savings vehicle that all first-time homebuyers in the Fraser Valley and Metro Vancouver should seriously consider taking advantage of. The video link below gives a nice overview of what this savings account can do to help you get started on your journey towards saving up a downpayment for a condo, townhouse or house.

This link below takes you to the Government of Canada’s own overview of the Tax-Free Firt Home Savings Account, for more details.

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