Reality checking how First Home Savings Account will benefit potential homebuyers

With more than 22 million homes needed by 2030 to address Canada’s housing crisis, the federal government is promoting the First Home Savings Account (FHSA) as a tool to help people who want to buy their first home. Mackenzie Gray explains how the FHSA works, and why critics are skeptical of how helpful it will be.

• 52% of new homebuyers likely to use first-time savings account: poll