Comments on: Where Should I Invest My Down Payment? Simple Explanations https://www.moneywehave.com/where-should-i-invest-my-down-payment/ Personal Finance and Budget Travel for Canadians Thu, 07 Apr 2022 16:34:10 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Barry Choi https://www.moneywehave.com/where-should-i-invest-my-down-payment/#comment-181751 Sun, 14 Apr 2019 17:29:21 +0000 https://www.moneywehave.com/?p=9679#comment-181751 In reply to Noob.

Noob,

I think the stats show that 60% of people don’t make repayments so it ends up counting as income. You lose that room permanently. Even if you do repay your RRSP, you would lose out on years of compounding. That being said, I totally get that for some people, their only savings is within their RRSP so they need to withdraw from it to make a down payment.

]]> By: Noob https://www.moneywehave.com/where-should-i-invest-my-down-payment/#comment-181717 Sun, 14 Apr 2019 10:22:45 +0000 https://www.moneywehave.com/?p=9679#comment-181717 Why don’t you like the idea of taking out money from an RRSP for a down payment?

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