No. Locked-In RRSPs do not qualify for the HBP. But your Locked-In RRSP may qualify for a partial transfer to a regular RRSP. Beginning in March of 2008, the pension regulations were amended to allow a one-time 50% “unlocking” of Locked-In RSPs. This might allow 50% of your Locked-In RSP assets to be transferred into a regular RRSP that would, in turn, qualify under the Home Buyers’ Plan rules.