Enter your annual household salary. This includes your spouse/partner.


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Consider car payments, credit cards, lines of credit and loan payments. This should not include your rent.

Enter the amount of money you plan to use as a down payment. Don’t forget you can also leverage your RRSPs.
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The Home Buyers' Plan allows you to borrow funds from your RRSP to purchase your first home. Here are some of the key facts:

  • You and your spouse can each withdraw up to $25,000 from your RRSP.
  • The funds must have been on deposit at least 90 days before you withdrew them.
  • At least 1/15 of the funds must be repaid each year, beginning two years after the funds were withdrawn.
  • A signed agreement to buy or build a qualifying home is required.
  • You can only participate in the program once.

For details, watch this video or see Canada Revenue Agency

Affordability
Monthly Payment

How much can I comfortably spend on my home purchase?



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My monthly RBC mortgage payment will be...



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