As home prices continue to rise, more Canadian parents are stepping in to help their children enter the housing market. In fact, over 30% of first-time buyers now receive financial support from family—gifts that averaged $115,000 in 2024. In provinces like Ontario and B.C., that number is even higher. Helping your kids buy a home has become one of the most common ways families pass on wealth when it’s needed most.
Infographic Highlights
While this kind of support can be incredibly meaningful, it’s important to approach it thoughtfully. Whether offering a financial gift, co-signing a mortgage, or buying property together, each option involves trade-offs—financial, legal, and personal. With clear communication and the right planning, parents can provide real help while also safeguarding their own long-term goals.
Designed for Advisors to share with Clients
This infographic offers a clear, practical overview of the most common ways parents are helping their kids buy a home—along with the risks, trade-offs, and tips for making smart decisions. It’s designed to simplify complex conversations and highlight the importance of thoughtful planning. Strategic financial advisors can use this resource to spark meaningful dialogue with clients, helping them navigate family support in a way that aligns with both personal values and long-term financial goals.
This infographic is available in FreshPlan software or as a stand-alone piece.