Cost-conscious parents buying condos for kids studying away from home.

Original article via Globe and Mail. Click here to read.

The idea of shelling out $70,000 or more for rent in four years while their children were at university was something two Canadian fathers – thousands of miles apart – recently decided was a pointless financial sinkhole.

So Tim Morrison, who runs a GM dealership in Burlington, Ont., and Marcel Laforce, a software engineer who lives in Cloverdale, B.C., both did what felt like the smarter financial move.

They bought condos for their away-from-home students near the universities they are studying at.

No Comments

Post A Comment

Sign up for Toronto real estate property updates.

 

Join thousands of Torontonians who receive our automatic Toronto real estate property updates. Stop manually spending your time searching through listings, and let us send the properties that meet your criteria directly to your inbox.