Deputy Prime Minister Chrystia Freeland says the uptake of a new savings account for first-time homebuyers is exceeding expectation, though she acknowledged the limits of what it can do to address affordability.

  • knapsackinjury@programming.dev
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    1 year ago

    It’s so stupid. The problem with the housing market isn’t that I don’t have a proper account to keep a $200k down payment that is needed.

    • sbv@sh.itjust.works
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      1 year ago

      The TFSA has a limit of $40k and you can “only” save $8k/year. So you wouldn’t be able to get an actual down payment in there anyway.

      But yeah, point taken. The TFSA is an insufficient response to a real problem.