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Kevin knows it is not ideal to retire with a mortgage, but he has always rented and is now ready to buy a condo in
Kevin knows it is not ideal to retire with a mortgage, but he has always rented and is now ready to
buy a condo in downtown Montreal, five years before he retires. He has visited several condos and
will be making an offer on December To date, he has saved $ for which he will use
as part of the downpayment along with the maximum he can withdraw from his Registered
Retirement Savings Account RRSP under the Home Buyer's Plan HBP He currently has
$ in his RRSP What would be the minimum conventional mortgage Kevin could assume?
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