Quote:
Originally Posted by MillerTime GFG
And you're saying the influx of capital will mainly be from wealth transfers/inheritance? Yes, that's going to happen, but the main "beneficiaries" (hate using that word when it comes to inheritance) won't be in the 35-year old demographic. Most people don't have kids when they are 45-50.
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In Vancouver, thus far, many people approximately 35 years old get lots of help from parents. They would have parents in the 60-75 range who all brought properties for fractions of what they are worth now. Thus creating large amounts of equity in the existing property. Most get the assistance before the parents pass, often via HELOCs on existing properties.
Once again, if things heat up in Calgary, I see that trend moving there too.
Edit: to add to this, look at how this trend has spread across the USA.
In 2015, it was noteworthy that the share of millenials getting help had increased from 13 to 17%:
https://www.prnewswire.com/news-rele...300054767.html
By 2019, that number had increased to 43%:
https://www.cnbc.com/2019/03/11/how-...r-parents.html