Saskatoon Mortgage Broker shares article on saving for a down payment

Nine ways to power-save your way to a down payment

Article by Rob Carrick, The Globe and Mail, July 21, 2014

“The question that comes up more and more in the country’s expensive housing markets is: Where are first-time buyers getting the money?

Parental help is a big factor, so much so that the federal agency Canada Mortgage and Housing Corp. has launched a study of the phenomenon. Also, it’s virtually a given that today’s buyers will raid their registered retirement savings plans to use the federal Home Buyers’ Plan. And then there are savings – money put away week by week over a period of years to build a down payment.”

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