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First Home Savings accounts prepare a new generation for home buying

calgaryherald
Summary
Nutrition label

63% Informative

First Home Savings Account allows Canadians to save up to $8,000 annually , with a maximum of $ 40,000 , in a tax-deductible account for home buying or building expenses.

Ariane Lamoureux , a 24-year-old political science and sociology graduate, moved back home in 2023 during her final year in university.

An April 2024 Ipsos poll reveals that 80 per cent of Canadians now view home ownership as attainable only for the wealthy.

VR Score

75

Informative language

81

Neutral language

48

Article tone

informal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

no external sources

Source diversity

no sources