Realty group touts tax-free parental RRSP loans, Dec. 2
The suggestion by the Canadian Actual Property Affiliation to permit dad and mom to withdraw funds from their RRSPs for mortgage to their kids to buy property would merely pump extra money into the real-estate system and worsen the important drawback of inflated costs. What’s wanted to make property extra reasonably priced is an answer to scale back property costs, not the CREA’s answer, which might make it extra doubtless that overpricing will proceed.
Robert Woodcock, North York
Source by [Viral Hug]