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With mortgage interest rates down and house prices bottoming out, it‘s a good time to make your move â€" with a helping hand from Moneycare. Ottawa. The December federal miniâ€"budget extended the time to take advantage of the government‘s offer to let you tap your RRSP savings for the downâ€" payment. The deal introduced in the February 25, 1992 federal budget By IAN RIEHL, CA Special to the Beaver RRSP offer helps homebuyers $259,900. Beautiful mature lot Build or renovate 3â€"bedroom Close to Appleby College. $219 0 restored $207,000. Immac.detached on &fiéf St Glen Abbey. Fam. mm. w/FP, white kitchen/ breakfast m., /C, cent. vac., premium lot. $198,900. Superbly lovely greenbelt lot bath, C/A. Quiet We sz I 4 Mngi] ’ :“ f t “dfi‘.id« ,‘f] BRENDA NEWELL* 84446061 JANE LUMBERS* 8446061 "THE STANDARD OF EXCELLENCE® MO CONNELLY* 8446061 SUSAN FLYNN* 8446061 SUSAN FLYNN* 844â€"6061 qie reno Han vate bungalow $â€"DG TT Young homeowners wishing to trade up, or retirees wanting to move into a smaller place, also, can use the scheme. A married couple can each take out $20,000 to enable a $40,000 down payment. Given the usual payment. It‘s open to anyone, not just firstâ€"time home buyers. now expires on March 1st, 1994. In an effort to revive the comatose housing industry, Ottawa allowed its citizens to withdraw up to $20,000 from their registered retirement savâ€" ings â€" taxâ€"free â€" toward the down {-L«»lf,:»‘“ {\g ¢ €4. 4 g # 4 > / F’“fi (#‘6 $710,000. Close to Appleby College. 2 accesses. Could be subdivided. Land is well treed and has a huge bam. PHYLLIS NICHOLSON* 8446061 BILL HUMPHREYS** 844â€"6061 299 LAKESHORE ROAD EAST, OAKVILLE 844â€"6061 HOME OF THE WEEK BILL HUMPHREYS* 84446856 JjOHNSTON & DANIEL M OW Ti IiGQINIE Ti 6 31 t T ud *Sales Representative **Associate Broker LIMITED + REALTOR The special offer â€" unlikely to be repeated â€" can save you a bundle on The untaxed money must be used, however, for a principal residence and not a secondary home or summer cottage. If you take up the deal, be aware that you cannot then make an RRSP contribution for the 1992 or 1993 taxation year. However, you can carry the unused deduction forward to be utilized in a future year. near lake. Just listed, South 0 3â€"bdrm., 2 garage. Lakeviews requirement of 25% down, that means they can use their RRSP funds to buy a $160,000 house or condo. W $298,000. Exceptional biâ€"level, hearth, fabulous lower M. w/o to private ravine lot with pool. 3â€"car garage. C xt * M _ ay 0 make _ DONNA location MACRAE* and the Sales C nt. 844-% FORD O‘BRIEN*®* 8446061 FORD O‘BRIEN®* 844â€"6061 BEV ELLIS* 8446061 special open hou 3â€"bedroom bungal d in Bronte f Marine this nouse Former Kerr Estate on Lakeshore Rd. E., latched doors, huge property, living room with balcony. $399,900. $759,000. Custom designed, 4 bdrms. 2 yrs. old, main floor den, solarium family rm., 3 FPs, 5 baths, dbl. garage. EDNA KING* 844â€"6061 589 Naturally, lending institutions tend to dissuade customers from cashing in their RRSPs. Be skeptical of their negativity. All in all, there‘s more upside than downside, especially if you‘re trading up to a better home. (See "Strings" Page RE 37) taxes. Since money put into an RRSP is deducted from that year‘s income for tax purposes, Revenue Canada gets even by taxing funds when withâ€" drawn. The withholding bite on takeâ€" out funds ranges from 10% on $5,000 to 30% on amounts over $15,000. Marion Henderson, Vice President & Manager, Johnston & Daniel Limited, is pleased to announce the appointment of Barbara Bragadir to the Oakville Office. Barbara joins us with seventeen years‘ experâ€"ience in both the residential and commercial marketâ€" place and is now focussing her talent in the Oakville area. We invite past clients and new to call Barbara at 844â€"6061. BARBARA BRAGADIR* 8446061 ANNOUNCEMENT EDNA KING* 844â€"6061 BEV ELLIS* 8446061 . Lovely home on the water 4 + bdrms., nanny suite, mstr. FP & balcony. Gorgeous views. ) l tn m