April 30, 2015 | CREBNow
First-time homebuyers turning to mom, dad for financial assistance
More young Canadians are turning to their parents to help find financing when purchasing their first home.
According to BMO's 2015 Home Buying Report, 42 per cent of first-time buyers are expecting their parents or relatives to help pay for their first home. Up 12 per cent from
last year, the number shows Canadians needing a helping hand to enter the market is on the rise.