While we try to provide general information to help you get started, we are not able to provide advice. Speak to a registered financial advisor for investment advice specific to your financial goals and personal financial needs.
One key consideration when saving money for short-term goals (like buying a home) or emergencies is the liquidity of your investments – this means how easy it is to access your money when you need it.
If an unexpected expense comes up, you will need to access your money quickly. Learn more about planning for emergencies.
When saving for a home down payment, you may consider keeping the money separate from other savings, growing your money safely in no-risk or low-risk investments, or saving in an RRSP if you’re a first-time buyer. Learn more about saving for a down payment.