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Posted Money saving tips

Multigenerational Housing: What We Can Learn From the Old Country

Parents are helping their adult children buy homes now more than any other time in history. It makes sense: housing is unaffordable, so why wouldn’t baby boomer parents help lighten the load? There’s a similar trend picking up steam however that’s a little more surprising: parents and children buying multi-unit homes together.

It makes a ton of sense if you think about it. Two or three unit homes could solve a lot of problems for multigenerational families. Interestingly enough, as novel as it sounds, there’s nothing new about this idea. In fact, it’s been happening in Europe for centuries.

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Posted Bank News

What the New Foreign Buyers Ban Means For You

Now that the dust has settled from the holidays and we’re back into the swing of things, we’re reminded that January 1st, 2023 wasn’t just the first day of the new year; it was also the first day of Canada’s new foreign buyers ban. The ban was passed through parliament last summer and is now officially in place prompting many Canadians to ask, “what does this mean for me?” Unfortunately, the answer isn’t so simple. 

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