Real Estate

HBP Question

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  • Jul 21st, 2020 4:14 pm
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[OP]
Jr. Member
Sep 10, 2017
139 posts
91 upvotes

HBP Question

Hi RFD,

Question about Home Buyer’s Plan. If I use my HBP to purchase a property, I would need to occupy it within one year. How long do I have to live in this property until I can make it a rental afterwards?
2 replies
Deal Guru
Feb 22, 2011
12629 posts
16145 upvotes
Toronto
MysticGohan wrote: Hi RFD,

Question about Home Buyer’s Plan. If I use my HBP to purchase a property, I would need to occupy it within one year. How long do I have to live in this property until I can make it a rental afterwards?
There is no set time. I personally bought a primary residence with 5% down many years ago and moved out after less than 6 months and rented it out. If your situation changes then there is nothing you can do.

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