I do NOT have any money sitting in a non-registered account, just our emergency fund in a HISA. The rest of our money is in a TFSA.

Out of curiosity what is your logic for choosing to put all your money towards a larger downpayment on a house? Would you be contributing anything to your retirement? Be it RRSP or another saving vessel?

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Regarding HBP, i researched it a lot, if we had taken out say a $25K from the HBP, then we would owe another $300-400 every month to that plan for 5 years, or else at the 5 years we'd be paying prime + a percentage on that HBP which is considered a second mortgage. Although it's super nice to be getting a chunk of money with no interest for the first 5 years, in the end your mortgage still has to be insured, meaning you're still only amortizing for 25 years, meaning borrowing an extra 25K really doesn't drop the monthly payments by a significant amount, only about $100-200 if i remember our circumstance correctly. Wasn't right for us!