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Thank you for this, Helpful knowledge as always 🙏 In 2027 will be the last yr for myself for FHSA, Timeline to buy a home is unknown for now not in a rush, Do you think its better to roll it over into rrsp after 15 yrs or to consider getting into property? I Know its subjective but could one decision out weigh the other in terms of Returns over the longterm? Thanks again for your channel and your content ! Merry Christmas and Happy new year
Thanks for the kind words and holiday wishes! 🙏 Merry Christmas and Happy New Year to you too! 🎄 Whether to roll the FHSA into an RRSP or use it for property really depends on personal factors like the real estate market you’re considering, your long-term goals, and how comfortable you are with managing investments versus property ownership. Trust me when I say a LOT can change in 15 years! You might have a change in marital status for instance, or you might want to become a remote worker, or you might want to settle down somewhere completely different than where you are right now. In terms of growth, I don't see the Canadian real estate market maintaining these high returns over the next 15 years than it has over the last 15 years. But who knows, I can be wrong, 15 years is a tough thing to predict for. Your best bet is probably simple, and that's to use your FHSA if you actually want to buy a house to live in, and don't worry about the returns vs investments so much. Hope this helps!
Want to save on taxes in retirement? We’ve helped many Canadian retirees with this problem and created a guide with 5 of our proven strategies.
Get your free copy here : blueprintfinancial.ca/retirement-tax-saving-guide
Thank you for this, Helpful knowledge as always 🙏 In 2027 will be the last yr for myself for FHSA, Timeline to buy a home is unknown for now not in a rush, Do you think its better to roll it over into rrsp after 15 yrs or to consider getting into property? I Know its subjective but could one decision out weigh the other in terms of Returns over the longterm?
Thanks again for your channel and your content ! Merry Christmas and Happy new year
Thanks for the kind words and holiday wishes! 🙏 Merry Christmas and Happy New Year to you too! 🎄
Whether to roll the FHSA into an RRSP or use it for property really depends on personal factors like the real estate market you’re considering, your long-term goals, and how comfortable you are with managing investments versus property ownership.
Trust me when I say a LOT can change in 15 years! You might have a change in marital status for instance, or you might want to become a remote worker, or you might want to settle down somewhere completely different than where you are right now.
In terms of growth, I don't see the Canadian real estate market maintaining these high returns over the next 15 years than it has over the last 15 years. But who knows, I can be wrong, 15 years is a tough thing to predict for. Your best bet is probably simple, and that's to use your FHSA if you actually want to buy a house to live in, and don't worry about the returns vs investments so much. Hope this helps!
Thank you thank you !