Savings vehicles like a first home savings account (FHSA) can make it easier for you to overcome one of the largest barriers to home ownership — squirreling away that sizable down payment.

In an effort to change this and assist prospective first-time homebuyers, the federal government announced the tax-free First Home Saving Account (FHSA) as part of their 2022 budget. As of April 1 ...

“For anyone even considering home ownership, the FHSA should be the first place they look to,” Mr. Giovannetti says. “It’s the best tool for first-time buyers,” he adds. FHSAs offer the ...