I am currently in the market for a home in the 150-200k range and close to work. Here are my current financials:
Cash
$2,500
Investments
$5,000 /w TD med risk
$5,000 /w TD higher risk
$27,000 (total) between an employer RRSP and ESPP.
Liabilities
None
Until recently I had more money in cash/savings but have moved some into the TD accounts to reduce losses against inflation. I am planning on buying a home with around a 10% deposit (so $15,000 to $20,000). Is there any reason not to use the Canadian homebuyers plan on the TD accounts? I was hoping to continue growing and contributing to these accounts and then using the Homebuyers Plan to pay the deposit while leaving my main RRSP/stock plan untouched.
Currently I am contributing about $1250 per month to my work account (including company matching perks) and about $500/mth to the TD accounts.