Home Economics newsletter: - Why you should always negotiate an individual severance, even during a mass layoff - Cooling inflation provides little comfort - New details about the Tax-Free First Home Savings Account Sign-up link at bottom of article
New details about the Tax-Free First Home Savings Account
The federal government has released draft legislation on a new savings account aimed at helping Canadians buy their first home. . It’s important to note homebuyers that already have a Home Buyers’ Plan can’t withdraw funds from that account and this new savings account for the same home purchase.Many buyers are still on the sidelines as they evaluate the rapidly-changing dynamics of the housing market. But a RE/MAX Canada report shows some detached-home buyers are
. “For those buyers that were active in [the second-quarter], improved housing affordability due to easing prices and the threat of higher rates down the road clearly provided the impetus for many to leap into detached home ownership,” the report said.Historical data shows returns between May and October can be weak, but more often than not, the returns are positive.
,” where investors scale back their stock exposure before the summer months, and whether that’s truly the best mantra to live by.- Experts tell the Canadian Press about the steps Canadians can take toSign up for BNN Bloomberg's weekly newsletter, Home Economics, which aims to help Canadians navigate their personal finances in the age of market volatility, surging inflation and higher borrowing costs.
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