So I want to buy in 2 years or so...what do I need to know.
As the title says, my wife and myself are putting $ away like mad to save up for a down payment on a house.
Our goal is to aim for 2 years from now, at the rate we are going we have about 9K set away in RRSP's since July of this year.
Can some one explain how this all works? I know you can only use max 25K from RRSP for first time home buyers and such (we are) So how do you calculate how much of a home can you afford etc?
Or is 2 years such a far away time that the rules will change so much by then and I should just keep saving money and wait...?