Something like the perfect storm of comsumerism seems to be taking place in and around the Greater Toronto Area and Durham Region. The perfect storm could mean leaving your children debt instead of riches.
Lenders are introducing new options that will help you to borrow more money, for longer, with less of your skin in the game:
All of these factors mean that we might be living pretty close to the edge of income. It wouldn’t take much to throw us over the edge.
That edge could take us right through retirement, funeral and probate. If Canadians are not wise about borrowing and saving money, they could be leaving their mortgage to their kids to pay off.
Make smart decisions when it comes to borrowing money and buying a home.