How Canadian Homeowners Benefit from Government Policy

Homeowners get:

Tax Free status for capital gains on principal residences

Lower Property Tax rates for owner occupied homes in many provinces

The federal Home Buyers Plan, which allows first-time buyers to borrow from an RRSP for a down payment on a home

Rebates on PTT(property transfer tax) for first-time homebuyers.

These benefits are a great example of why homewonership is a better choice as opposed to renting.

Arran