[Fire in the disco]

Originally Posted by Mortgage Made Easy

Unfortunately, you are not eligible to use the Home Buyers Plan as you currently own an owner occupied home that you and your wife live in. Below is a quick definition for whether you are a first time buyer or not.

Are you a first-time home buyer?

Unless you are a person with a disability or you are helping a related person with a disability buy or build a qualifying home, you have to be a first-time home buyer to withdraw funds from your RRSP(s) to buy or build a qualifying home.

You are considered a first-time home buyer if, in the four year period, you did not occupy a home that you or your current spouse or common-law partner owned.

NOTE: You can be considered a First Time Home Buyer again if you have not owned and lived in an Owner Occupied home in the last 4 years.

Thanks for the follow up! I had figured that was the case but found that some of the literature had varied definitions. Too bad, but good to know