I own an investment property that was never my primary place of residence ( I have been renting it out for a year now). Now I am considering of buying my own place, would I be eligible for HBP (home buyers plan) withdrawal, since technically this is not my first purchase but it is my first primary residential purchase ? Any help in this would be highly appreciated.
Am I eligible for home buyers plan (HBP)
- Thread starter moadhia
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- Mar 24, 2009
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Hi Moadhia,
According to Ottawa Mortgage Brokers, you are still eligible for the HBP:
" You may still be able to be considered a first time home buyer if you own a rental property (which you have never occupied) or you have not recently owned a home. "
http://www.mortgagebrokersottawa.com/mortgage-info-centre/rrsp-home-buyers-plan/
According to Ottawa Mortgage Brokers, you are still eligible for the HBP:
" You may still be able to be considered a first time home buyer if you own a rental property (which you have never occupied) or you have not recently owned a home. "
http://www.mortgagebrokersottawa.com/mortgage-info-centre/rrsp-home-buyers-plan/