A guide to the best robo-advisors in Canada for 2022 + MORE Jan 9th
Compare the best savings accounts in Canada for 2023 + MORE Sep 11th
Will credit card debt affect my mortgage application? Mar 27th
What happens to your debt when you die + MORE Mar 6th
What types of tax-free savings accounts (TFSAs) exist? + MORE Jun 19th
At 40, Peter makes $94,000. He owns two condos and wants a third closer to downtown Toronto. Is that the right move?
– thestar.com
At 40, Peter makes $94,000. He owns two condos and wants a third closer to downtown Toronto. Is that the right move?
– thestar.com
Should you help your adult children to buy real estate?
– moneysense.ca
All of which explains why many of today’s millennials seek interest-free or low-interest loans from the Bank of Mum and Dad (“BOMAD” henceforth). Between 50% and 75% of millennials expect to tap the BOMAD for help coming up with a down payment.
I recently discussed the millennial home ownership bind on Patrick Francey’s The Everyday Millionaire podcast. Francey is a seasoned entrepreneur and real estate investor, and CEO of the Real Estate Investment Network (REIN). These days, most REIN members who have at least one “door” (investment property beyond a principal residence) are almost by definition millionaires. I appeared despite the fact our family owns no investment real estate, apart from REIT ETFs in a purely electronic portfolio: “clicks instead of bricks,” as I explained on the show…