What You Need to Know Before Helping Your Child With a Home Down Payment

What You Need to Know Before Helping Your Child With a Home Down Payment
A real estate sign is shown in Vaughan, Ont., on Sept. 12, 2024. The Canadian Press/Paige Taylor White
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With the benchmark prices for a home in Toronto or Vancouver at over a million dollars, the prospect of saving enough for a down payment to enter the real estate market can be a daunting task for first-time buyers.

That’s why a growing number of parents look to help by gifting cash.