Cheryl and Nabil are meeting for the first time with a financial planner at their financial institution. They are hoping to purchase their first home by early $2025.$ Both have recently turned $28$ and have been living rent$-$free with Nabil$$s parents since their graduation $3$ years ago. They were fortunate to immediately find employment in their field of choice and this, combined with their reduced cost of living, has permitted them to focus on their TFSA and RRSP savings plans.

Given changes to the Home Buyer$$s Plan in the Federal Budget released on April $16,2024,$ what would be the combined maximum the couple could withdraw from their RRSP as first$-$time home buyers?

If they withdraw funds late in $2024,$ given the updated rules, when would they be required to start repaying these funds?