Also, whoa mortgage! That’s a big scary step, and i’m glad you’re looking into it and reporting back to all of us who are still hiding behind our hands, too afraid to look. Here in LondonOnt, 380K would get you a pretty nice place, depending what part of the city you’re looking in.

Do you have a place in mind, or are you just ‘testing the waters?’

Just a word of warning about the Home Buyer’s Plan (RRSP withdrawal for home purchase). If the RRSP money is just sitting in cash, or low-interest rate bearing investments, this will probably work to your advantage (where your mortgage interest savings outweigh the earnings on the account).

But if withdrawing from equity or equity-based mutual funds, you will want to make sure to avoid incurring a loss within the RRSP.

Just my two cents!

Good luck with everything and can’t wait to hear how the home buying experience goes for you guys (I’ll be embarking on mine in the next year or so)!