The answer is a resounding yes – especially if you choose a pre\u002Dconstruction condominium.
That still applies today. For example, check out the CMHC website at https://www.cmhc-schl.gc.ca/en/consumers/home-buying, where you will find buying guides, mortgage calculators and first-time buyer incentives. Use every resource available.
If you are a first-time buyer, get pre-approved for a mortgage by your financial institution. This way, you know what you can afford.Article content Remember, too, that the Canada Revenue Agency’s Home Buyers Plan allows qualified first-time home buyers to withdraw up to $35,000 tax free from their RRSPs toward a down payment.
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