We can use an RRSP mortgage to give
yourself a mortgage when purchasing a home.
The rate can be plus or minus 1% of the
market.
The advantage
It's a way to justify yourself to
establish an RRSP early in your life and promote growth
of capital tax-free.
Disadvantages
You must pay the costs of managing a
self-directed RRSP, and performance of the RRSP will be
limited by the rate of interest that you give yourself.
This rate is not necessarily bad if you anticipate a
return equivalent to your other investments.
First Residence
If this is your first home, you can use your RRSP to
pay a cash purchase. This is the Home Buyers' Plan (HBP),
not to be confused with the above RRSP Mortgage. See
HBP