Click on the banner to search Macdonald Realty listings

Click on the banner to see this month's Macrealty Real Estate Market Reports

ASKING $1,328,000

ASKING $1,328,000
16-4411 WILLIAMS ROAD, RICHMOND BC (click on image for details)

Thursday, June 16, 2016

Vancouver parents buy property for young children to secure a future foothold

The bank of mom and dad has skipped a generation, with parents now buying houses or condos for their school-aged children or grandchildren. Nervous upper-middle-class homeowners are hoping that the strategy will help younger generations gain a foothold in Vancouver.
https://www.biv.com/article/2016/6/vancouver-parents-buy-property-young-children-secu

Photo courtesy of TOURISM VANCOUVER

Photo courtesy of TOURISM RICHMOND

Photo courtesy of CITY OF BURNABY

Photo courtesy of CITY OF NEW WESTMINSTER

Photo courtesy of CITY OF SURREY