Saskatoon Mortgage Broker shares article – How parents can help their offspring enter the housing market

By Christina Commisso – CTV News – May 2, 2016

Over the last few years homeowners in Toronto and Vancouver have watched the values of their homes skyrocket. But some parents are now wondering if their children will ever be able to afford properties in the cities where they grew up.

“I’m having this conversation with a lot of parents,” Toronto-based financial planner Shannon Lee Simmons told “What happens if my kid can’t afford to buy something?”

Vancouver-based financial planner Annie Kvick says having some extra cash to save for your kids’ future housing dreams “is a good problem to have,” as long as your own finances are in check first.

To read the complete article, including money saving tips for parents, click here

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