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Home / Parents gifting kids record $82K average to buy first home: CIBC report

Parents gifting kids record $82K average to buy first home: CIBC report

Posted on October 25, 2021October 25, 2021 by admin

Parents have gifted just over $10 billion to their adult children over the past year to help with the down payment of home purchases, according to a CIBC report, with first-time buyers receiving a record average of $82,000 in help and “mover-uppers” receiving an average of $128,000.
Source: ctv business
Parents gifting kids record K average to buy first home: CIBC report

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