July 16 2021
The key to getting it right is two-fold: proper planning and honest, upfront conversations between you and your children
Your millennial-aged children are looking to get into the red-hot housing market. Interest rates are at an all-time low, but they are looking at $1 million in mortgage debt given that Canada boasts some of the most expensive real estate in the world. As a Boomer parent with children looking to get into the housing market, what is the best approach to help them with mortgage debt as you plan for retirement?
Diana Orlic in our Burlington office discusses key considerations with the Financial Post.