There's no question that with the record breaking prices of our hot Canadian real estate market, it's parents who frequently hold the keys to homeownership for their children.
Parents increasingly help out with the down payment, either as a loan or a gift. And sometimes they co-purchase with their children to help secure the mortgage financing.
We were fortunate enough to be interviewed recently by Thomson Reuters Press, which resulted in this informative article on how parents are helping Canadian kids buy property.
We've written about this phenomenon in the past too.
Curious to read more? Here's The Bank of Mom and Dad -and- Are Strings Attached When Parents Help You Buy?
At urbaneer.com, we're here to guide you through the complexities of a real estate purchase. And if that means navigating the search and negotiations under the watchful eyes of your parents then all the better. It's what we do! Serving multiple generations of families for over two decades, we make your dreams of home a reality.
~ Steven and the urbaneer team
Word On The Street