November 20th - 2014

Hotsheet: Index Home Buyers’ Plan: CREA

The Canadian Real Estate Association (CREA) has launched a call to action to REALTORS® to urge the government to index the Home Buyers’ Plan (HBP) to inflation.

Model house

Model house


The Canadian Real Estate Association (CREA) has launched a call to action to REALTORS® to urge the government to index the Home Buyers’ Plan (HBP) to inflation. The HBP helps first-time buyers afford a home by withdrawing up to $25,000 from their Registered Retirement Savings Plan under the HBP towards their first home purchase. Unfortunately, inflation causes the HBP to lose value every year, making it lose value every year. Urge your MP to support indexing the plan using the quick, easy REALTOR® Action Network, which takes only a minute or two. Simply log onto the network with your REALTOR® Link ID and your letter will be delivered to your MP by CREA this fall. Visit www.REALTORActionNetwork.ca.

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For more information contact

Ontario Real Estate Association

Jean-Adrien Delicano

Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246