Oh I'm tickeddddddddddd REALLYYYYYYY Ranting
Oh my freaking gosh.... the CREA has lost their freaking minds... they are suggesting parents who have saved for their retirement should be able to dip into their RRSPs so they can "loan" the money to their kids so they have a bigger downpayment.. They not only suggest that it would lower the possible loss for banks but would lessen the financial burden on the kids..... How is the burden less if they kids have to pay both the bank and the parents back? Ummm what about the aging parents who have less money to retire on????????????????? I can believe that someone was idiotic enough to think of this but why they think its a good idea is way beyond me.. Other than the fact that it would increase housing costs of course and put more money in their pockets... Lordie~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
https://www.ctvnews.ca/business/crea...rsps-1.3702165