Thank you for your question Catherine.
The Home Buyers’ Plan (HBP) is a federal government program that allows you to borrow up to $25,000 from your Registered Retirement Savings Plan (RRSP) tax free to fund your purchase. The money must have been in your RRSP for at last 90 days. In order to qualify, you must not have lived in a home owned by you or your spouse in the last 5 years. You must have entered into a written agreement to buy or build a home that you intend to occupy as your principal residence. This article provides information about government help for first-time home buyers.