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May 24, 2022

Let's continue to think about home ownership vs. renting

Too often home ownership is pushed without thinking holistically about our money

Hey everyone, I’m back (IYKYK). I missed you all.

I’ve also been thinking about housing affordability. I’ve also been thinking about long Covid as a single person but that’s a different newsletter.

Why have I been thinking about housing? Because when I was away from this newsletter, I was writing stories including one on the new Tax-Free First Home Savings Account (FHSA) that was recently announced by the Canadian Federal Government in their 2022 budget. 

The FHSA, which will launch in 2023, will allow Canadians 18 years and older who currently don’t own a home or haven’t owned one in the last four years to save a total of $40,000 towards a down payment.

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