When was the Home Buyer's Plan created?

The Home Buyer's Plan was created in 1992. This program allows first-time home buyers in Canada to withdraw a certain amount from their Registered Retirement Savings Plans (RRSPs) to help finance the purchase of their home. It's designed to make home ownership more accessible for those entering the housing market for the first time. The establishment of this plan was a significant step in encouraging savings and assisting individuals in obtaining their first home, reflecting the government's response to the need for affordable housing solutions during that time.

The alternative years listed do not align with the actual introduction of the program. For instance, 1985 predates the initiative, while both 2000 and 2010 came well after its establishment, making those options incorrect in this context. Hence, the year 1992 is accurately identified as when the Home Buyer's Plan was introduced.