Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Good deals on property in the US (Phoenix / Las Vegas)

Winsor_Pilates · 07-05-2010, 02:54 PM

If you are eventually wanting to pull money out of your RRSP's for the Canadian home buyers plan (when you buy in Canada), I think you should still be able to do this because the LV home won't be a primary residence.
Perhaps a mortgage broker here can confirm?

The other main benefit of being a first time buyer is being able to do high ratio financing (>80%).
I think you'd still be eligible for this as well.

07-05-2010, 02:54 PM	#29
Winsor_Pilates Franchise Player Join Date: Mar 2005 Location: Van City - Main St. Exp:	If you are eventually wanting to pull money out of your RRSP's for the Canadian home buyers plan (when you buy in Canada), I think you should still be able to do this because the LV home won't be a primary residence. Perhaps a mortgage broker here can confirm? The other main benefit of being a first time buyer is being able to do high ratio financing (>80%). I think you'd still be eligible for this as well.