Should Parents Help Their Kids Buy A Home?

October 19, 2021

The greatest mortgage brokers in Toronto, Cannect Home Financing, return with their hit podcast Make Money Count. In this episode we ask, should parent help their kids help buy a home?

We broker it down into a few topics. The first being a report that millennials are looking to their parents for loans more than past generations. The next being the Cannect exit strategy: what is it, and how does it work? Take a listen to explore these topics with us.

One thing that is quite clear in this industry is that Canadians pay WAY too much for home equity loans when their banks decline them. We are at a point where pricing is determined exclusively by supply and demand instead of by the amount of home equity. The way it should be. Cannect is determined to bring the Canadian mortgage marketplace closer and closer to that point. Our commitment is to improve the financial well-being of our borrowers. We would love to do that on as large of a scale as possible.

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