Use RRSP Money for Mexico Real Estate


The Vacation Home Buyers’ Plan (VHBP) is a program that allows you to borrow from your registered retirement savings plans (RRSPs) to buy a vacation home for you and your family.

There seems to be a way that Canadians can now use some of their RRSP money to invest in Mexican property. This is excellent news for many in Canada who want to escape the cold winters to stay in Mexico for longer than a few weeks or even months.

This new program allows easy access to many to purchase when looking for a vacation home financing in Mexico or the Latin Americas.

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For those of you who wish to do more foreign travel and vacation property ownership, a Canadian company based in Mississauga, Canada, has developed an innovative approach to the financing of vacation property ownership that could take the Canadian market by storm — the Vacation Home Buyers Plan (VHBP).

Conceptualized and developed, a Canadian tax and securities lawyers, and veterans of the travel industry, Canadians can now use their Registered Retirement Savings Plan (RRSP) to acquire their dream vacation property.

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By acquiring their dream vacation property today when it is more affordable, Canadian families can enjoy the vacation lifestyle now while gaining a significant appreciation in the value of their vacation property in the future. In fact, by waiting until later in life, it may only be too expensive for many Canadian families to afford these highly desirable vacation properties.

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How can this program help you purchase your foreign vacation home?

Traditionally, the two most significant hurdles for vacation property owners are:

The down payment requirements of the property that can range between 20 and 30 percent of the property value,

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The securing of a mortgage in a foreign jurisdiction.

This new program addresses both these challenges. With its structure, it allows Canadians to access their RRSP for the down payment with no tax implications. Also, this new program has many strategic relationships with many major banks in the Caribbean and Mexico that are willing to finance qualified Canadians that meet the down deposit requirements.

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Who can benefit using Canada’s Vacation Property Financing Program?

With 67% of Canadians owning an RRSP with over a trillion dollars in RRSP assets, the path to vacation property ownership for Canadians has never been easier. You simply have to have an RRSP to qualify. If you have an RRSP contribution room still available, you can make a new contribution, get a full deduction, and subsequently use the proceeds to finance your vacation dream home purchase. It has never been easier!

So, how does it all work?

Traditionally, RRSPs have been used by Canadians for their retirement, which is often many years in the future. Through proprietary VHBP structure, Canadians can now unlock the value of their RRSPs today to acquire vacation property ownership.

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Modeled after the Canadian government’s highly-successful Home Buyers Plan (HBP), the VHBP has no limit on the withdrawal amount within your RRSP. Furthermore, you have up to 20 years to repay your RRSP, thereby ensuring your RRSP funds are available for your retirement.

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For more information contact

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