Hey! I was searching for some details in a mortgage company site for my uncle, since he is purchasing a new house, and I happened to find this. mortgages.ca/first-time-home-buyers-and-the-bank-of-mom-dad/ I never knew there was something called Bank of Mom and Dad. But, apparently it seems like 40% of Vancouver is already in use of it. Don't you think it's cool. You can still get your parents help and that too for purchasing your own home. But I wonder, how everyone would take it, cause most parents would love to enjoy their savings during their retirement. What do you guys think about it? Would surely love to discuss more on this.
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