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First-home savings planner: FHSA and RRSP Home Buyers' Plan

Repo-linked (EBLR): your rate rises by the same 0.25% at the next reset date, unless your lender holds back some of it. Resets happen at least once every three months, so expect the change within about three months of 7 October.
MCLR-linked: your lender's own cost of funds drives the rate and it resets on its own date, often every six or twelve months. The effect arrives later and may be smaller. Our guide to [[blog:eblr-vs-mclr-home-loan|EBLR and MCLR]] explains the difference.
Fixed rate: nothing changes until the fixed period ends.

See how fast you can save a down payment, how much goes in the tax-free FHSA, and the tax refund.

FHSA and HBP limits from the Canada Revenue Agency. Growth is not modelled.

Common questions

What is the FHSA limit?

$8,000 a year, $40,000 for life.

What is the Home Buyers Plan limit?

$60,000, repaid over 15 years.