You must have a written agreement to buy or build a qualifying home, either for yourself or for a related person with a disability
You must be a resident of Canada when you withdraw funds from your RRSPs under the Home Buyers’ Plan and up to the time a qualifying home is bought or built
You must intend to occupy the qualifying home as your principal place of residence within one year after buying or building it. If you buy or build a qualifying home for a related person with a disability, or help a related person with a disability to buy or build a qualifying home, you must intend that that person occupies the qualifying home as his or her principal place of residence
In all cases, if you have previously participated in the Home Buyers’ Plan, you may be able to do so again if your repayable HBP balance on January 1st of the year of the withdrawal is zero and you meet all the other Home Buyers’ Plan eligibility conditions.
Budget 2019 extended access to the Home Buyers’ Plan in order to help Canadians maintain homeownership after the breakdown of a marriage or common-law partnership. In this situation, certain further eligibility conditions must be met. These new measures take effect for withdrawals made after 2019.