0
Comments
For those of us born before the 1980s, we enjoyed the benefits of affordable higher education and a fairly low entry point to the real estate market. For kids about to enter University, the tuition cost of a three year law program could easily run over $100,000, a two year MBA between $60,000 -100,000 and the 20% down payment for their first home in Toronto would likely be over $150,000. By comparison nearly 15 years ago, higher education was only about 10-15% of this cost and my first house down payment was less than $70,000 (and yes that was over 20% of the purchase price). Our children, while given nearly every advantage, may find it tougher making their way in the world and to move out of our basements unless we start planning now.
