Nearly 1 in 5 Canadians would pause retirement savings to buy a home — but the FHSA and HBP offer a better path — slide 1 of 6

Nearly 1 in 5 Canadians would pause retirement savings to buy a home — but the FHSA and HBP offer a better path — slide 2 of 6

Nearly 1 in 5 Canadians would pause retirement savings to buy a home — but the FHSA and HBP offer a better path — slide 3 of 6

Nearly 1 in 5 Canadians would pause retirement savings to buy a home — but the FHSA and HBP offer a better path — slide 4 of 6

Nearly 1 in 5 Canadians would pause retirement savings to buy a home — but the FHSA and HBP offer a better path — slide 5 of 6

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Nearly 1 in 5 Canadians would pause retirement savings to buy a home — but the FHSA and HBP offer a better path

October 14, 2026

Nearly 20% of Canadians would delay retirement savings to afford a home, though this can harm long-term growth and increase taxes. First-time buyers can use two federal programs: the FHSA, allowing tax-deductible contributions up to $40,000, and the HBP, permitting tax-free RRSP withdrawals up to $60,000 repayable over 15 years. Buyers should prioritize FHSA contributions, maintain employer RRSP matches, and consider market conditions before pausing retirement savings.

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