The withdrawal limit is now $60,000. The increased withdrawal limit from $35,000 to $60,000 applies to withdrawals made after April 16, 2024.
Any portion of the withdrawals from your RRSPs under the HBP that exceed $60,000 will have to be reported as income on your income tax and benefit return for the year you received it. In addition, your RRSP issuer will have to withhold tax on the amount in excess at the time of the withdrawal.
For more information please refer to these CRA Link and How to report HBP and TurboTax "Understanding Your Home Buyers Plan.
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