May 2017

There was a time when if you wanted to buy a home, you had to save the money. That was in the days when you could put down $1,000 and you were well on your way.  While some have the resources to put together the funds, more often than not younger people need help with their first home purchase.

A recent study by the Bank of Montreal indicates that about 42% of young people wanting to buy a home count on money from family for the down payment.

Because house prices are so high, many parents in the Boomer demographic have benefited in that they have a high degree of equity in their homes.  The down side is, of course, home ownership is out of reach for their children.

Before the Bank of Mom and Dad opens for business, parents should get some advice

Behind Broadcast Hill in the West Springs area is an enclave of estate homes sprinkled with green spaces, groves of trembling aspen, pathways and even acreages. 

It’s called Westgrove Estates.

The homes offer plenty of square footage, some with walkouts and many back onto green space.  It’s a very cool area, located just north of Cougar Ridge and north of Bow Trail.  This area has only been built up in the last 15 years, and there are still some residents on large acreage properties.  You might even see a few horses on properties grandfathered into the area.

The Rise at Westgrove Estate is a brand-new area just under development and it’s proving to attract so much attention that people were claiming lots and choosing home styles from builders