Unfortunately the answer is no. If you were to sell your house and rent for 5 years you would both be eligible again.
In that case you can't use the first time home buyer's plan.I used 5K of RRSP money when we bought our first house bu my husband never has. We were listed jointly as owners on our previous homes.
Thnaks for sharing thisIn that case you can't use the first time home buyer's plan.
You could always withdraw money from RRSP, may the tax and use it for home purchase.
You would permanently lose the contribution room.
In my mind, that's a desperate measure but ultimately your call.
Before you go down borrowing from your RRSP, take into account the situation that a couple years from now, home prices may be lower, even with the extra 8% HST.
Interest rates may be higher and the real estate madness may have cooled off and thus home prices may be lower.