FHSA statistics

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FHSA statistics

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Accounts for the FHSA became available on April 1, 2023.

Summary data

Valid as of: December 31, 2023Footnote 1 at 11:30 pm ET


Individuals who opened accounts

739,000

(rounded to the nearest 10)


Total value of active accountsFootnote 2

$2.79 billion

(rounded to the nearest $1,000)


Average balance for active FHSA holdersFootnote 3

$3,899


Footnotes

Footnote 1

The CRA receives information about the First Home Savings Account (FHSA) through T4FHSA slips filed by financial institutions. Only slips and returns that have been processed by the CRA are included in these statistics.

Return to footnote1 referrer

Footnote 2

An active account is an account that is

  • not marked as closed; or
  • marked as closed but with a balance greater than zero.

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Footnote 3

Figures relating to an FHSA holder are based on all FHSA contracts for that individual. An active FHSA holder is one that has one or more active accounts.

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Date modified:
2025-03-20