As a busy Oakville realtor, I hear from people all the time that they’re worried their children will never be able to afford to buy a home. It seems to be a common topic of discussion with home prices continually rising while requirements for down payments remain out of reach for many.
Whether you think your children will be interested in living in Oakville or another part of the GTA or would prefer to settle down in a smaller town like Guelph, the thought of buying a home as a young person just starting out can certainly seem overwhelming.
How Parents & Grandparents Can Help the Next Generation
Having the means to help your grown children or grandchildren buy real estate is a blessing and a luxury. However, before you hand over cash or sign on the dotted line, it’s important to take time to explore the best options for everyone involved.
Based on current home prices it shouldn’t be surprising to hear that most young people receive some...