Almost half of Canadian parents plan to shell out some cash to help their children buy a home, even though it may cost them their own financial wellbeing in the future.
The startling stat comes from The Housing Affordability Survey, a Leger poll commissioned by FP Canada.
It shows 48% of parents with children under 18 plan to help their kids buy their first home, while 24% of parents with adult children say they've already kicked in the cash.
The study also shows parents over 55 were almost twice as likely to have already helped their children buy a home.
Four out of 10 respondents expect to delay retirement so they can help their kids.