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Reality check: How the First Home Savings Account will benefit potential homebuyers

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With more than 22 million homes needed by 2030 to address Canada's housing crisis, prospective home-buyers are having a tough time getting a foothold into the market.

Meanwhile, the federal government is promoting the First Home Savings Account (FHSA) as a tool to help people who want to buy their first home.

Mackenzie Gray explains how the FHSA works and why critics are skeptical of how helpful it will be.

For more info, please go to https://globalnews.ca/news/9642067/fhsa-canada-first-home-savings-account-rrsp-tfsa/
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Category
U.S. & Canada
Tags
global news, First Home Savings Account, first home buyers
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