FHSA statistics

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First home savings account (FHSA)

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

Summary data

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

Individuals who opened accounts

739,000

(rounded to the nearest 10)

Total value of active accounts^{Footnote 2}

$2.79 billion

(rounded to the nearest $1,000)

Average balance for active FHSA holders^{Footnote 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.

Return to footnote2 referrer

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.

Return to footnote3 referrer

Page details

Date modified:: 2025-03-20

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FHSA statistics

Summary data

Individuals who opened accounts

Total value of active accounts^{Footnote 2}

Average balance for active FHSA holders^{Footnote 3}

Page details

FHSA statistics

Summary data

Individuals who opened accounts

Total value of active accountsFootnote 2

Average balance for active FHSA holdersFootnote 3

Page details

Total value of active accounts^{Footnote 2}

Average balance for active FHSA holders^{Footnote 3}