As a first time home buyer, there are programs available to help you take the first step:
Home Buyers’ Plan (HBP)
The Home Buyers’ Plan (HBP) is a program that allows you to withdraw funds from your registered retirement savings plan (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability. You can withdraw up to $25,000 in a calendar year.
Your RRSP contributions must remain in the RRSP for at least 90 days before you can withdraw them under the HBP, or they may not be deductible for any year.
Generally, you have to repay all withdrawals to your RRSPs within a period of no more than 15 years. You will have to repay an amount to your RRSPs each year until your HBP balance is zero. If you do not repay the amount due for a year, it will have to be included in your income for that year.
Source; Canada Revenue Agency
You were a incredible help during our recently sold home! The photographs you took were brilliant stunning! Your expertise is second to none. Futhermore, you brought a full sized coach filled with possible buyers to our home for viewin. This is truly amazing! Buring our listing period, we view many offers from other agents. But they weren't able to get the price we desired. Together with yor trememdous connections fo clients, you brought just the right purchaser for our home. Finally it was listed and sold by your own clients, in which we were very satisfied with. Both of you were thorough an thoughtful and we will certainly recommend you to friends & family who are looking for an honest, sincere, experienced and hardworking realtor.
Bonnie & Daniel, we can't find enough compliments to say how much we appreciated your hard work in selling our Bayview Hill property for us. Your ongoing communication with us has been superb, and we felt like you were not only our real estate representative, but a close friend as well. In addition, home renovation can be a very overwhelming process for all home owners. But you two were always one step ahead and provided us with everything we needed without overwhelming us in anyways. It was so impressive seeing a coach of 30 potential home buyers came into my house for showing. This is so fascinated and incredible. We never saw any other agents selling houses like this! I believe this could only be done by your because of the years of experiences and you guys are truly the real estate pioneer of Bayview Hill.
Within one week after listing, our home was sold for the price above our expectations! We would highly recommend you to anyone either selling or purchasing. You are very passionate and we have found you to be the best real estate agent we have had the please of dealing with. Thanks again for everything you guy did for us and congratulations on a job well done!
We would like to extend our gratitude for your professionalism and hard work in selling our house in less than one week. We were highly impressed by your knowledge f the local market and key community contacts, which assisted us in selling our house quickly and efficiently. It was a pleasure working with both of you, as you each brought your unique skills and expertise to the table. With Daniel's excellent negotiation skills and Bonnie's keen eye for design and detail, the two of you make the ultimate realtor team.
We would highly recommend your services to anyone looking to buy or sell !
I would like to recommend both Daniel and Bonnie for their professionalism in the services they provided us during the sale of our home in Bayview Hill located in Richmond Hill.
They were both very helpful in assisting us to ensure that we are ready to put our hoe on the market along with their expertise in knowing what our home should be listed at. Can't imagine that they can produce much higher than asking price and more importantly that the sell price is higher that other local agents quoting us!
Both my husband and I would recommend their services as theya re experts in their field, they were very ethical in how they managed the sale of our home. We have deep impressions of the integrity of Daniel: walking his words. Both Bonnie and Daniel, the # WAN team works very closely at every issue personally. Most definitely we would recommend them to anyone who wants true professionalism, honesty and mostly that they work for the seller.
Dear Bonne and Dan,
First of all: THANK YOU BOTH for every way you have helped us accomplish out goal of selling our home for the highest value. When we decided to sell our home, where we have lived for 25 years, we inerviewed 5 real estate agents with signs in our neighborhood. The Wans had far more knowledge, experience, and success in our area than anyone else, wih 22 years in Bayview Hill and over 1000 homes sold -- plus they live here, have raised their chrildren here, and care deeply about our community. We also related to your enthusiatic, tireless, supremely ethical style of work. Our home needed some preperation before listing. Again your expertise in identifying, prioritizing what to do (and what not to do) and even finding an independent contrator to complete the work excellently, on a tight time schedule was amazing. The contractor was as gracious and as tireless as you both, working 16 hour days to finish on budget, on schedule. Also, your community contacts and stellar reputation in the town of Richmond Hill were invaluable in overcoming any issues. Selling any house seems very stressfull, and you were there for us, no matter what time of day (or night), no matter what issue. We never met anyone who works harder than you. Even after our home went under contract, you stayed in touch constantly, communicating and strategizing to ensure completion of the sale in a way which met OUR interest to value our home at the highest possible price. While we noticed other agents lower prices, perhaps to meet their own needs during the process. But the best bonus was far more important than money; as a result of our admiration and joy in working with the Wans, we became friends, a friendship we hope lasts a lifetime. By the way, if we ever have another house to sell, we will choose Dan and Bonnie again, for all the best professional reasons.
Bonnie and Dan,
Let me first thank you for working os hard and late to make this sale possible. I first did not appreciate your offer to help and took your honest effort with suspicious.
You have to understant that after previous two "sales" and countless other agents who decieved us and wasted so much of my time I was hesitant to give try to someone unknown to me.
I am glad I chose you. I am sorry again for not realizing you as a hard working and outstadning gentleman.
I appreciate your work and will recommand you two to anyone looking for the house to buy/ sell.