moab

yeah probably but by then no more $ on school and I bought condos already to move them into. They can cover the rest!

Onami

I was lucky with my Son (who has always been years ahead of his actual age). He graduated from U of T accounting and started working downtown almost 2 years ago. We had to move his Grandma closer to us, so he was able to scoop up her 2 bedroom apt in North York for $925/month. He just made the CPA CFE national honour role, so at 23 he is on a pretty clear path to being a high earner. My daughter is in a more ‘normal’ earnings stream finishing Queen’s English next month and going to Teacher’s College in the fall. We will likely have to help her with her first house and suspect that she will live at home until her later 20’s. However, to be honest, I’d love them to both live at home until they got married 😁

STALKER99

which company??

LastMezger

We're in media in Canada which is always like pushing a rock up a hill but quite buoyant this year so far. I'd say things are looking up for what we do in 2024...there have been a few rough years of late...

theiceman

Yeah me too, got my son in his Condo , i can retire as soon as work pisses me off or until i decide what i'm going to do next.

theiceman

My son went to scotland for a month before he gets recalled back to the office.. ( he works remote but got called back. )

Mom: tell me where you are every day, video chat me, let me know your schedule.
Dad: great , you won't cost me anything for a whole month.

Vapordan

Reading this thread, it seems you folks are financially supporting grown *** adult children. Tell me, when does it end, asking for a friend...

.2PDK

Upon receipt of their inheritance I would imagine...

Pags993

My daughter gets her condo and education paid for thats it thats all. Rest is all up to her. I didnt treat my parents like an ATM and I wont allow her to either. Some lessons in life need to be learned via sacrifice - its a fantastic teacher!

JimV8

A guy I know asked his very wealthy friend. How did you come to get so rich he asked? His wealthy friend replied, ‘the old fashioned way, I inherited it’.

pfitzsim

Y'all are buying your kids condos flat out as in no mortgage etc. or paying their monthly condo payments? My intention would be to help them out with a down payment but the rest is on their dime - I never got a nickle to get started and I have no issue, nor had any issues with that. My first condo was 3X my salary so I'm not sure if that ratio still works or not.

.2PDK

reacp911

I just calculated how much the kids could comfortably pay on their mortgages and I made up the rest as down payments

When I was starting out, times were much easier. My cohort didn't need anything financially. I started a job, got married and 3 months later moved into my own house off the danforth. Too much competition for jobs and houses has made the world a sh***y place. Nowadays you might not get into engineering school with 95%. I got in with 70

Onami

We pay for school and ‘reasonable’ expenses while in school. We gave them a choice of going away and we would cover housing etc. or staying local and getting a new car to commute. Both chose the car - to me it was about the same cost and I actually was hoping that they would choose the car so it would eliminate them having a car payment when they graduated. Both got summer jobs. My son also worked 20 hours per week at the bank when he was in school.

I feel for kids these days. Without help, most are looking at home ownership in their 30’s thanks to crazy housing prices.

moab

agree. not easy for kids today. I bought two prebuild condos from a client developer of mine at Bayview and Davisville. Will rent them out for the next few years until my kids are ready to move out (they are 15 and 17 so I have a few years left..) and will then hand them the keys with no mortgage.